Bond Markets, Analysis and Strategies

by Frank J. Fabozzi

Offers in-depth coverage of the newest bond structures and derivative instruments to control interest rate risk, and provides the latest analytical techniques and bond portfolio strategies.

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

560 pages, Paperback

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]

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]

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

[Joshua Norman]

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

[Henry]

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.