1.

Record Nr.

UNINA9910677130803321

Autore

Tuckman Bruce

Titolo

Fixed income securities : tools for today's markets. / / Bruce Tuckman, Angel Serrat

Pubbl/distr/stampa

Wiley-Blackwell

Hoboken, New Jersey : , : Wiley, , [2022]

©2022

ISBN

1-119-83560-7

1-119-83562-3

1-119-83559-3

Edizione

[Fourth edition.]

Descrizione fisica

1 online resource (559 pages)

Collana

Wiley Finance

Disciplina

332.632044

Soggetti

Fixed-income securities

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Includes index.

Nota di contenuto

Prices, Discount Factors, and Arbitrage -- Swap, Spot, and Forward Rates -- Returns, Yields, Spreads, and P&L Attribution -- DV01, Duration, and Convexity -- Key-Rate-, Partial-, and Forward-Bucket '01s and Durations -- Regression Hedging and Principal Component Analysis -- Arbitrage Pricing with Term Structure Models -- Expectations, Risk Premium, Convexity, and the Shape of the Term Structure -- The Vasicek and Gauss Models -- Repurchase Agreements and Financing -- Note and Bond Futures -- Short-Term Rates and Their Derivatives -- Interest Rate Swaps -- Corporate Debt and Credit Default Swaps -- Mortgages and Mortgage-Backed Securities -- Fixed Income Options.

Sommario/riassunto

"Fixed-income securities traditionally promised fixed cash flows (like bonds), but there have been many newly-created fixed income securities for which the promised cash flows depend on the level of interest rates, making them hard to value. This revised book covers the most advanced thinking in the field and comprehensively shows how to value the complete universe of fixed income securities. Included are all the latest fixed income securities valuation models and techniques, and their applications in real world situations. The fourth edition will



include a completely new intro chapter on global markets that reflects the numerous changes since the Crash of 2008, and updates throughout the rest of the book"--