Frank J. Fabozzi - Introduction to Fixed Income Analytics, Relative Value Analysis, Risk Measures and Valuation

From the Inside FlapTo remain a competitive fixed income investor, both seasoned professionals and newcomers must stay up to date and knowledgeable about this continually evolving field.Nobody understands this better than fixed income experts Frank Fabozzi and Steven Mann. And now, with the revised and updated Introduction to Fixed Income Analytics, Second Edition, they provide complete coverage of the most important issues in this area. Following in the footsteps of the popular first edition, this reliable resource skillfully details the key analytical concepts used in the fixed income market and illustrates how they are computed.This book addresses everything from the valuation of fixed income securities with embedded options to the features of structured productssuch as mortgage-backed securities and asset-backed securitieswhile also offering insights on basic principles like the time value of money. Updated to reflect current market trends, Introduction to Fixed Income Analytics, Second Edition will help practicing investment professionals invest wisely in this new era, as well as assist those aspiring to enter the field. Along the way, this practical guide:Outlines approaches to bond valuation based on the discounted cash flow framework as well as relative value analysisTies in analytical concepts with what is available on the Bloomberg Terminal and walks you through relevant Bloomberg functionsExplains a superior metric for quantifying a portfolios risk exposure: conditional value-at-risk (VaR)Describes the various issues associated with interest rate swapsfrom counterparties and risk-return profile to economic interpretationand illustrates how to value themEach chapter includes end-of-chapter questions so readers can test their knowledge of the concepts discussed as well as refine any computational skills needed to succeed.Understanding fixed income analytics is essential in todays dynamic financial environment. The Second Edition of Introduction to Fixed Income Analytics will help you build a solid foundation in this field.From the Back CoverWith the Second Edition of Introduction to Fixed Income Analytics, Frank Fabozzi and Steven Mann return with a fully updated guide to the discipline of fixed income analysis. Written for both financial professionals and fixed income newcomers, this essential resource carefully covers the crucial elements of todays complex bond marketplacefrom the various issues associated with investing in fixed income securities to the fundamentals of valuation and interest rate risk.Fabozzi and Mann offer invaluable fixed income insights, with discussions of relative value analysis and value-at-risk measures; analysis of mortgage-backed and asset-backed securities, convertible fixed income securities, and volatility estimation; and information on instruments like Treasury inflation-protected securities (TIPS). They also highlight one of the most popular systems relied upon by fixed income professionalsthe Bloomberg Terminaland tie in important analytics and functionality.The fixed income market is one of the largest in the world. It spans many sectors, from Treasuries to mortgages to high yield bonds. If you want to gain a firm understanding of the tools and techniques needed to succeed in this field, look no further than Introduction to Fixed Income Analytics, Second Edition.