Frank J. Fabozzi is a Professor in the Practice of Finance and Becton Fellow in the Yale School of Management. He is well known as the author of numerous books on finance, both practitioner-focused and academic. Professor Frank J. Fabozzi will be joining Edhec Risk Institute on August 1, 2011. EDHEC-Risk Institute is part of EDHEC Business School, one of Europe’s leading business schools.
If you want to undestand the basics of building a fixed income portfolio, this is a good place to start. The writing/academic style of this book, will make it very difficult to read; this is NOT an easy read at all. It is slow, technical and is not meant to be entretaining. If you get through it, you will get: -different kind of fixed income, financial instruments and how they are structured -How to build a balanced portfolio of fixed income, and what to expect. -Get your "fixed income math" right.
Overall is a good book, will teach you all the basics you need about the subject.
Incredibly dense with information about fixed income. I like the gradual progress from understanding what fixed income is to more complex subjects. I do wish the information was more connected to the diagrams they were showing rather than in separate paragraphs.