Bond Market. Analysis and Strategies

Frank Fabozzi is a world-class expert in the field of bonds. His books are a primary source of information for financial professionals studying bonds. They are used in leading business schools and for taking CFA exams. This book is a great textbook for any finance professional. From it, the reader will learn about the fundamental characteristics of bonds; types of issuers; bond maturities and their significance; fixed-rate and floating-rate securities; bonds with embedded options and the impact of embedded options on cash flow; convertible bonds; types of risks for investors in fixed-income securities and much more. The new edition has been significantly revised and updated, with added chapters concerning companies investing in fixed-income instruments, measuring the impact of corporate bond credit spreads, portfolio management features for corporate bonds focused on investment obligations for fixed-payment pension plans. The book is aimed at employees of financial companies and banks, investors, as well as students and professors of economic universities.