Fixed Income Securities

Buildor brush up onthefoundation you need to be a sophisticated fixed income professionalwith this provenbook Fixed Income Securities: Tools for Today's Marketshas been a valued resource for practitioners and students for over 25 years.Clearlywritten,anddrawing on a myriad ofreal market examples,it presents an overview of fixed income markets; explainsthe conceptual frameworksand quantitative tool kitsused in the industry for pricing and hedging; and examines a wide range of fixed income instruments and markets, including: government bonds; interest rate swaps; repurchase agreements; interest rate futures; note and bond futures; bond options and swaptions; corporate bonds; credit default swaps; and mortgages and mortgage-backed securities. Appearing a decade after its predecessor, this long-awaited Fourth Edition is comprehensively revised with: An up-to-date overview, including monetary policy with abundant reserves and the increasing electronification of market All new examples, applications, and case studies, including lessons from market upheavals through the pandemic New material on fixed income asset management The global transition from LIBOR to SOFR and other rates