## Serrat, Angel

# Fixed Income Securities: Tools for Today's Markets

*Fixed Income Securities, Third Edition*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.

The 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.

*Fixed Income Securities, Third Edition* is full of examples, applications, and case studies. Practically every quantitative concept is illustrated through real market data. This practice-oriented approach makes the book particularly useful for the working professional.

This third edition is a considerable revision and expansion of the second. Most examples have been updated. The chapters on fixed income options and mortgage-backed securities have been considerably expanded to include a broader range of securities and valuation methodologies. Also, three new chapters have been added: the global overview of fixed income markets; a chapter on corporate bonds and credit default swaps; and a chapter on discounting with bases, which is the foundation for the relatively recent practice of discounting swap cash flows with curves based on money market rates.

**This university edition includes problems which students can use to test and enhance their understanding of the text.**

**Keywords:** bruce tuckman, fixed income securities university, fixed income securities university edition, fixed income securities college text, fixed income securities college book, fixed income securities university text, fixed income securities university level text, fixed income securities, fixed income securities 3e, fixed income securities book, valuation of fixed income securities, modeling of fixed income securities, spot and forward interest rates, curve fitting, partial durations, shape of term structure, short-rate models, floating cash flows, pricing fixed income securities, hedging fixed income securities

- Author(s)
- Serrat, Angel
- Tuckman, Bruce
- Publisher
- John Wiley and Sons, Inc.
- Publication year
- 2012
- Language
- en
- Edition
- 3
- Series
- Wiley Finance
- Page amount
- 656 pages
- Category
- Economy
- Format
- Ebook
- eISBN (ePUB)
- 9781118133996
- Printed ISBN
- 9780470904039