Bond Markets, Analysis, and Strategies

by Frank J. Fabozzi

Learn how to assess and invest in bonds with this best-selling text. Fabozzi's Bond Markets is the most applied book on the market. It prepares students to analyze the bond market and manage bond portfolios without getting bogged down in the theory. The author's extensive experience in the field is reflected in this uniquely applied approach. This seventh edition has been painstakingly updated. The author conducted numerous conversations and discussions with analysts and portfolio managers to make sure that this text reflects the field today. Pricing of Bonds; Measuring Yield; Bond Price Volatility; Factors Affecting Bond Yields and the Term Structure of Interest Rates; Treasury and Agency Securities; Corporate Debt Instruments; Municipal Securities; Non-U.S. Bonds; Residential Mortgage Loans; Agency Mortgage Pass-through Securities; Agency Collateralized Mortgage Obligations and Stripped Mortgage-Backed Securities; Prime and Subprime Mortgage-Backed Secur

Genres: Finance, Business, Economics, Textbooks, Reference, Nonfiction

778 pages, Hardcover

First published November 1, 1988

About the author

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.

Reviews

[Michael Corley · Rating 5 out of 5]

This is like the gold standard reference for fixed income securities. I used a version of this in undergraduate and when I retook the course in graduate school, they used the exact same text to go into the subject matter in more detail. Fabozzi's texts are well known in fixed income securities.

[Vaseekaran · Rating 5 out of 5]

It's a very good book for a starter who starts his career in a treasury.

[Joshua Norman · Rating 5 out of 5]

I can see why it is a widely used book for graduate finance fixed income courses

[Henry · Rating 5 out of 5]

Traditional bond analysts differ greatly from loan analysts. The latter focus mainly on the quality performance of individual loans. Thus, in depth research of individuals or individual companies are conducted. However, for a portfolio manager, his job isn't focusing on the due diligence of the individual companies (they often outsource that to the rating agencies), rather, they use mathematical equations to calculate the likelihood of the performance of such bond compare to other instruments. Which means in sum, the loan officer who are prudent in picking the better performing bond would have higher margin of safty than a bond profolio manager, since the ladder cares more about a group of securities not hand picking individual ones.

[Ivan]

Unlike other books about bond, it contains clear and well explained concepts and examples. Besides, it covers all the major topics about bond markets.