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Build or brush up on the foundation you need to be a sophisticated fixed income professional with this proven book
Fixed Income Securities: Tools for Today’s Markets has been a valued resource for practitioners and students for over 25 years. Clearly written, and drawing on a myriad of real market examples, it presents an overview of fixed income markets; explains the conceptual frameworks and quantitative tool kits used 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 managementThe global transition from LIBOR to SOFR and other rates
Publisher : Wiley
Publication date : 29 Aug. 2022
Edition : 4th
Language : English
Print length : 560 pages
ISBN-10 : 1119835550
ISBN-13 : 978-1119835554
Item weight : 1.05 kg
Dimensions : 16 x 3.3 x 23.11 cm
Best Sellers Rank: 65,433 in Books (See Top 100 in Books) 11 in Financing Mortgages 40 in Corporate Finance
Customer reviews: 4.6 4.6 out of 5 stars 38 ratings var dpAcrHasRegisteredArcLinkClickAction; P.when(‘A’, ‘ready’).execute(function(A) { if (dpAcrHasRegisteredArcLinkClickAction !== true) { dpAcrHasRegisteredArcLinkClickAction = true; A.declarative( ‘acrLink-click-metrics’, ‘click’, { “allowLinkDefault”: true }, function (event) { if (window.ue) { ue.count(“acrLinkClickCount”, (ue.count(“acrLinkClickCount”) || 0) + 1); } } ); } }); P.when(‘A’, ‘cf’).execute(function(A) { A.declarative(‘acrStarsLink-click-metrics’, ‘click’, { “allowLinkDefault” : true }, function(event){ if(window.ue) { ue.count(“acrStarsLinkWithPopoverClickCount”, (ue.count(“acrStarsLinkWithPopoverClickCount”) || 0) + 1); } }); });
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6 reviews for Fixed Income Securities: Tools for Today’s Markets (Wiley Finance)
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Fixed Income Securities: Tools for Today’s Markets
Still the definitive fixed income text, but with useful contemporary updates.
This is an insightful and comprehensive book on fixed income for any practitioner.
This book has been instrumental in my learning of Debt Instruments.Highly recommend. High quality writing, contemporary and relevant content.Kudos to Professor Tuckman.
With nearly a decade as a bond trader, “Fixed Income Securities” by Tuckman and Serrat is and remains my primary reference. I’m a firm believer in first-principals thinking; when I find myself presented with a structured product, and find that my familiarity with all the moving parts has faded a bit, this is the book I turn to first.It is unmatched as a practical encyclopedia for fixed income and derivatives, accessibly written yet logically rigorous, with superb examples and case studies that turn theory into application.The updates in the Fourth Edition, covering market behavior during COVID pandemic and the transition to SOFR (including changes to clearing, regulations, etc.) ensure the enduring relevance and value of this classic. Highly recommended to traders, quants and those studying to be either.
Professor Tuckman’s “Fixed Income Securities: Fourth Edition” continues to be the bible of fixed income instruments and derivatives for practitioners and students. The quantitative frameworks are clearly explained with practical examples provided throughout the book.The 4th edition has contemporary issues such as the transition from LIBOR to SOFR and its implications, which no other text book currently covers. I highly recommend this book as an invaluable resource for aspiring and established fixed income professionals alike.
Previous editions of this book had the most intuitive explanation of Libor Market Model. Not sure why authors decided to completely remove this from the term structure modeling discussion. LMM’s extension Forward Market Model is extremely important rates and MBS modeling.