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Bond Math, + Website: The Theory Behind the Formulas (Wiley Finance)

Amazon.com Price:  $70.01 (as of 12/05/2019 18:00 PST- Details)

Description

A bond calculation quick reference, complete with context and application insights

Bond Math is a quick and easy resource that puts the intricacies of bond calculations into a clear and logical order. This simple, readable guide provides a handy reference, teaching the reader how to take into accounts the essentials of bond math. A lot more than just a book of formulas, the emphasis is on how to take into accounts bonds and the associated math, with numerous examples, anecdotes, and thought-provoking insights that now and again run counter to conventional wisdom. This up to date second edition includes popular Bloomberg pages used in fixed-income analysis, including the Yield and Spread Analysis page, plus a companion website complete with an Online Workbook of a couple of choice questions and answers and spreadsheet exercises. Detailed coverage of key calculations, including thorough explanations, provide practical guidance to working bond professionals.

The bond market is the largest and most liquid on the planet, encompassing everything from Treasuries and investment grade corporate paper to municipals and junk bonds, trading over $900 billion daily in the U.S. alone. Bond Math is a guide to the inevitable calculations involved in managing bonds, with expert insight on the portfolios and investment strategies that puts the math in perspective. Clear and concise without sacrificing detail, this book helps readers to:

  • Delineate the characteristics of various kinds of debt securities
  • Calculate implied forward and spot rates and discount factors
  • Work with rates of return, yield statistics, and interest rate swaps
  • Understand duration-based risk measures, and more

Memorizing formulas is one thing, but truly learning how to mentally approach the math at the back of bonds is something else entirely. This approach places calculations in context, and enables easier transition from theory to application. For the bond professional seeking a quick math reference, Bond Math provides that and so A lot more.

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