BOND MARKETS, ANALYSIS, AND STRATEGIES 5TH EDITION

For upper-level college courses in Economics or Finance that focus on bond markets.

This comprehensive textbook on bonds takes a practical real-world approach to the subject. It includes a detailed discussion of each type of bond including a wide range of products. The text features comprehensive discussion of not only the instruments, but their investment characteristics, the state-of-the art technology for valuing them, and portfolio strategies for using them.

Features

Excerpts from weekly trade publication; As a component of end-of-chapter questions.

Gives students a real-world flavor as they apply what they have learned.

Latest analytical techniques for valuing complex bond structures; Shows students the link between theory and practice.
Explanation of bond strategies; Used by institutional investors. Enables students to see how professional money managers employ strategies using bonds.
Discussion of interest rate derivative instruments; Teaches students how they are valued.
Portfolio strategies employing interest rate derivatives; Allows students to see actual applications of interest rate derivatives.