The Second Edition of Bond Evaluation, Selection, and Management combines fundamental and advanced topics in the field, offering comprehensive coverage of bond and debt management.
This fully updated and revised edition provides you with the basics needed to understand various strategies, and explanations of cutting edge advanced topics. Focusing on essential concepts, models, and numerical examples, this book will help you quickly become familiar with the tools needed to effectively select, evaluate, and manage bonds.
- Covers both the fundamental and advanced topics in the field, including debt securities, bonds with embedded options, asset-backed securities, and bond derivatives
- Reinforces important concepts through review questions, web exercises, and practice problems in each chapter
- Reviews the history of the credit markets from the 1980s to the present with a retrospective look at the 2008 financial crisis
- Contains "Interview Boxes" consisting of questions and answers with distinguished fixed-income portfolio managers, traders, analysts, and academicians
Filled with in-depth insights and practical advice, this reliable resource offers a solid foundation in understanding the complexities of evaluating and selecting bonds and other fixed income securities.
Keywords: Stafford Johnson, bond evaluation, bond selection, bond management, possible spot rates, par value swaps, binomial interest rate tree, fixed paver, calibrated binomial tree, rate reduction gain, fixed payer, hedged rate, margin account worth, loan reset dates, callable bond values, futures option model, current spot yield curve, forward swap position, naked call write, weighted average coupon rate, implied futures rate, existing corporate bonds, cancelable swap, put swaption, call swaption, annualized spot rate, currency swap position