Ebook: Bond Evaluation, Selection, and Management, Second Edition

The Second Edition of Bond Evaluation, Selection, and Management combines fundamental and advanced topics in the field, offering comprehensive coverage of bond and debt management.

This fully updated and revised edition provides you with the basics needed to understand various strategies, and explanations of cutting edge advanced topics. Focusing on essential concepts, models, and numerical examples, this book will help you quickly become familiar with the tools needed to effectively select, evaluate, and manage bonds.

• Covers both the fundamental and advanced topics in the field, including debt securities, bonds with embedded options, asset-backed securities, and bond derivatives
• Reinforces important concepts through review questions, web exercises, and practice problems in each chapter
• Reviews the history of the credit markets from the 1980s to the present with a retrospective look at the 2008 financial crisis
• Contains "Interview Boxes" consisting of questions and answers with distinguished fixed-income portfolio managers, traders, analysts, and academicians

Filled with in-depth insights and practical advice, this reliable resource offers a solid foundation in understanding the complexities of evaluating and selecting bonds and other fixed income securities.Content:
Chapter 1 Overview of the Financial System (pages 1–27):
Chapter 2 Bond Value and Return (pages 29–73):
Chapter 3 The Level and Structure of Interest Rates (pages 75–104):
Chapter 4 The Term Structure of Interest Rates (pages 105–145):
Chapter 5 Bond Risk (pages 147–190):
Chapter 6 Corporate Debt Securities (pages 191–224):
Chapter 7 Treasury and Agency Securities (pages 225–258):
Chapter 8 Municipal Securities (pages 259–281):
Chapter 9 Intermediary Debt Securities (pages 283–316):
Chapter 10 International Debt Securities (pages 317–342):
Chapter 11 Residential Mortgages and Mortgage?Backed Securities (pages 343–389):
Chapter 12 Nonagency Residential MBSs, Commercial MBSs, and Other Asset?Backed Securities (pages 391–409):
Chapter 13 Bond Investment Strategies (pages 411–450):
Chapter 14 Binomial Interest Rate Trees and the Valuation of Bonds with Embedded Options (pages 451–485):
Chapter 15 Estimating the Binomial Tree (pages 487–514):
Chapter 16 Futures Contracts on Debt Securities: Fundamentals (pages 515–547):
Chapter 17 Interest Rate Options Contracts: Fundamentals (pages 549–581):
Chapter 18 Managing Fixed?Income Positions with Interest Rate Derivatives (pages 583–605):
Chapter 19 Managing Fixed?Income Positions with OTC Derivatives (pages 607–634):
Chapter 20 Interest Rate Swaps (pages 635–666):
Chapter 21 Swap Derivatives: Forward Swaps and Swaptions (pages 667–684):
Chapter 22 Currency and Credit Default Swaps (pages 685–711):