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Fixed Income Securities

Tools for Today's Markets, University Edition
Series: Wiley Finance
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( 114 ratings, 3 reviews)
Book Hero Magic crafted this summary to help describe this book. While it's new and still learning, it may not be perfect - your feedback is welcome! Summary
Fixed Income Securities, Third Edition by Bruce Tuckman and Angel Serrat is an essential resource for professionals and students in finance. It covers the global fixed income markets, arbitrage pricing, interest rates, risk metrics, and term structure models, advancing through securities such as repos, futures, swaps, credit markets, options, and mortgage-backed securities. The book is notable for blending theoretical concepts with practical applications, illustrated extensively through real market data and case studies.

This updated edition includes expanded coverage on fixed income options, mortgage-backed securities, and three new chapters on corporate bonds, credit default swaps, and discounting methodologies, reflecting current industry practices. Designed as a university edition, it also features problems to enhance learning, making it both an instructive academic text and a practical guide for fixed income practitioners.
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Book Hero Magic created this recommendation. While it's new and still learning, it may not be perfect - your feedback is welcome! IS THIS YOUR NEXT READ?

This book is ideal for finance professionals specializing in fixed income products, graduate students studying finance or investment, and academics seeking a balance of theory and practical application. It is particularly suited to those who require a comprehensive understanding of pricing models, market conventions, and quantitative techniques without excessive mathematical complexity.

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Fixed 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. Fixed Income Securities, Third Edition by Bruce Tuckman and Angel Serrat is designed to balance these three objectives.

Book Hero Magic formatted this description to make it easier to read. While it's new and still learning, it may not be perfect - your feedback is welcome! Description

Fixed 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. 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.

Series: Wiley Finance

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Book Details

INFORMATION

ISBN: 9780470904039

Publisher: John Wiley & Sons Inc

Format: Paperback / softback

Date Published: 16 December 2011

Country: United States

Imprint: John Wiley & Sons Inc

Edition: 3rd edition

Audience: Professional and scholarly

DIMENSIONS

Spine width: 46.0mm

Width: 150.0mm

Height: 226.0mm

Weight: 771g

Pages: 656

About the Author

Bruce Tuckman holds a PhD in economics from MIT and began his career as a professor of finance at New York University's Stern School of Business. Moving to the industry, he became a managing director at Salomon Brothers' Fixed Income Proprietary Trading Group; ran research groups at Credit Suisse and Lehman Brothers; and, for the Prime Services Division at Barclays Capital, was global head of research and an executive committee member. He is now the Director of Financial Markets Research at the Center for Financial Stability, a think tank in New York. Angel Serrat holds a PhD in finance from MIT. Prior to joining the industry, he was a member of the finance faculty at The University of Chicago's Graduate School of Business. He has published in journals including The Review of Economic Studies, The Review of Financial Studies, and Econometrica. He was an executive director of strategy groups at Goldman Sachs and Credit Suisse, and later became a managing director at JPMorgan's global proprietary positioning business as a portfolio manager and head of strategy. He is currently a partner at Capula Investment Management, a fixed income asset management firm.

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  • Fixed Income Securities
    Build or brush up on the foundation you need to be a sophisticated fixed income professional with this proven book. Fixed Income Securities: Tools for Today’s Markets has been a valued resource for practitioners and students for over 25 years. Clearly written and drawing on a myriad of real market examples, it presents an overview of fixed income markets; explains...
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  • Fixed Income Securities
    Fixed 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. 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...
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  • Fixed Income Securities
    Build or brush up on the foundation you need to be a sophisticated fixed income professional with this proven book. Fixed Income Securities: Tools for Today’s Markets has been a valued resource for practitioners and students for over 25 years. Clearly written and drawing on a myriad of real market examples, it presents an overview of fixed income markets; explains...
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    Ships in 3-4 weeks
  • Fixed Income Securities
    Fixed 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. 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...
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