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.