<p><b>Build or brush up on the foundation you need to be a sophisticated fixed income professional with this proven book </b></p> <p><i>Fixed Income Securities: Tools for Today’s Markets</i> 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 the conceptual frameworks and quantitative tool kits used in the industry for pricing and hedging; and examines a wide range of fixed income instruments and markets, including: government bonds; interest rate swaps; repurchase agreements; interest rate futures; note and bond futures; bond options and swaptions; corporate bonds; credit default swaps; and mortgages and mortgage-backed securities. </p> <p>Appearing a decade after its predecessor, this long-awaited Fourth Edition is comprehensively revised with: </p> <ul> <li>An up-to-date overview, including low and negative rates; monetary policy with abundant reserves; and the increasing electronification of markets </li> <li>All new examples, applications, and case studies, including lessons from market upheavals through the pandemic </li> <li>New material on fixed income asset management</li> <li>The global transition from LIBOR to SOFR and other rates</li> </ul>
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