Fixed Income Securities: Tools for Today's Markets
Fixed Income Securities: Tools for Today's Markets
复制标题
固定收益证券：当今市场的工具
DOI：
--
复制
发表时间：
1995
期刊：
影响因子：
--
通讯作者：
Bruce Tuckman
中科院分区：
文献类型：
--
作者：
Bruce Tuckman
固定收益从业者需要了解他们所在领域的概念框架；掌握量化工具；并精通其现金流和定价惯例。布鲁斯·塔克曼和安吉尔·塞拉特的《固定收益证券》第三版就是为了平衡这三个目标而设计的。这本书提出的理论没有不必要的抽象；具有最少数学知识的定量技术；以及在有用的细节层面上的约定。
Fixed income practitioners need to understand the conceptual frameworks of their field; to master its quantitative tool-kit; and to be well-versed in its cash-flow and pricing conventions. Fixed Income Securities, Third Edition by Bruce Tuckman and Angel Serrat is designed to balance these three objectives. The book presents theory without unnecessary abstraction; quantitative techniques with a minimum of mathematics; and conventions at a useful level of detail.
The book begins with an overview of global fixed income markets and continues with the fundamentals, namely, arbitrage pricing, interest rates, risk metrics, and term structure models to price contingent claims. Subsequent chapters cover individual markets and securities: repo, rate and bond forwards and futures, interest rate and basis swaps, credit markets, fixed income options, and mortgage-backed-securities.
Fixed Income Securities, Third Edition is full of examples, applications, and case studies. Practically every quantitative concept is illustrated through real market data. This practice-oriented approach makes the book particularly useful for the working professional.
This third edition is a considerable revision and expansion of the second. Most examples have been updated. The chapters on fixed income options and mortgage-backed securities have been considerably expanded to include a broader range of securities and valuation methodologies. Also, three new chapters have been added: the global overview of fixed income markets; a chapter on corporate bonds and credit default swaps; and a chapter on discounting with bases, which is the foundation for the relatively recent practice of discounting swap cash flows with curves based on money market rates.