{"product_id":"fixed-income-securities-9780470904039","title":"Fixed Income Securities","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eFixed 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. \u003ci\u003eFixed Income Securities, Third Edition\u003c\/i\u003e 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.  \u003cp\u003eThe 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.\u003c\/p\u003e \u003cp\u003e\u003ci\u003eFixed Income Securities, Third Edition\u003c\/i\u003e is full of examples, applications, and case studies. \u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003ePreface to the Third Edition xi\u003c\/p\u003e \u003cp\u003eAcknowledgments xiii\u003c\/p\u003e \u003cp\u003eAn Overview of Global Fixed Income Markets 1\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart One The Relative Pricing of Securities with Fixed Cash Flows 47\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 1 Prices, Discount Factors, and Arbitrage 51\u003c\/p\u003e \u003cp\u003eChapter 2 Spot, Forward, and Par Rates 69\u003c\/p\u003e \u003cp\u003eChapter 3 Returns, Spreads, and Yields 95\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Two Measures of Interest Rate Risk and Hedging 119\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 4 One-Factor Risk Metrics and Hedges 123\u003c\/p\u003e \u003cp\u003eChapter 5 Multi-Factor Risk Metrics and Hedges 153\u003c\/p\u003e \u003cp\u003eChapter 6 Empirical Approaches to Risk Metrics and Hedging 171\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Three Term Structure Models 201\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 7 The Science of Term Structure Models 207\u003c\/p\u003e \u003cp\u003eChapter 8 The Evolution of Short Rates and the Shape of the Term Structure 229\u003c\/p\u003e \u003cp\u003eChapter 9 The Art of Term Structure Models: Drift 251\u003c\/p\u003e \u003cp\u003eChapter 10 The Art of Term Structure Models: Volatility and Distribution 275\u003c\/p\u003e \u003cp\u003eChapter 11 The Gauss+ and LIBOR Market Models 287\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Four Selected Securities and Topics 325\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 12 Repurchase Agreements and Financing 327\u003c\/p\u003e \u003cp\u003eChapter 13 Forwards and Futures: Preliminaries 351\u003c\/p\u003e \u003cp\u003eChapter 14 Note and Bond Futures 373\u003c\/p\u003e \u003cp\u003eChapter 15 Short-Term Rates and Their Derivatives 401\u003c\/p\u003e \u003cp\u003eChapter 16 Swaps 435\u003c\/p\u003e \u003cp\u003eChapter 17 Arbitrage with Financing and Two-Curve Discounting 457\u003c\/p\u003e \u003cp\u003eChapter 18 Fixed Income Options 483\u003c\/p\u003e \u003cp\u003eChapter 19 Corporate Bonds and Credit Default Swaps 527\u003c\/p\u003e \u003cp\u003eChapter 20 Mortgages and Mortgage-Backed Securities 563\u003c\/p\u003e \u003cp\u003eChapter 21 Curve Construction 591\u003c\/p\u003e \u003cp\u003eReferences 607\u003c\/p\u003e \u003cp\u003eExercises 609\u003c\/p\u003e \u003cp\u003eIndex 623\u003c\/p\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":49402457620823,"sku":"9780470904039","price":71.1,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780470904039.jpg?v=1730480459","url":"https:\/\/bookcurl.com\/products\/fixed-income-securities-9780470904039","provider":"Book Curl","version":"1.0","type":"link"}