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商品描述
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 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.
Appearing a decade after its predecessor, this long-awaited Fourth Edition is comprehensively revised with:
- An up-to-date overview, including monetary policy with abundant reserves and the increasing electronification of market
- All new examples, applications, and case studies, including lessons from market upheavals through the pandemic
- New material on fixed income asset management
- The global transition from LIBOR to SOFR and other rates
商品描述(中文翻譯)
建立或加強您成為一名精通固定收益專業人士所需的基礎，這本經過驗證的書籍將幫助您
固定收益證券：當今市場的工具 已經成為從業者和學生超過25年的寶貴資源。這本書清晰易懂，並引用了大量真實市場的例子，提供了固定收益市場的概述；解釋了行業中用於定價和對沖的概念框架和量化工具包；並檢視了各種固定收益工具和市場，包括：政府債券；利率掉期；回購協議；利率期貨；票據和債券期貨；債券選擇權和掉期選擇權；公司債券；信用違約掉期；以及抵押貸款和抵押貸款支持證券。
這本期待已久的第四版在前一版十年後出版，進行了全面的修訂，包括：
- 最新的概述，包括擁有豐富儲備的貨幣政策和市場電子化的增加
- 全新的例子、應用和案例研究，包括從疫情期間市場動盪中學到的教訓
- 有關固定收益資產管理的新材料
- 全球從LIBOR轉向SOFR及其他利率的過程
作者簡介
BRUCE TUCKMAN is a Clinical Professor of Finance at New York University's Stern School of Business, where he teaches fixed income and derivatives to undergraduates and MBAs. He ran research groups as a Managing Director at major investment banks for 15 years and recently served as Chief Economist of the Commodity Futures Trading Commission. He received his PhD in Economics from MIT.
ANGEL SERRAT is Head of Quantitative Investments at the fixed income department of Abu Dhabi Investment Authority (ADIA). He started an academic career at the University of Chicago and moved to industry in 1999. He held strategy and trading positions at Goldman Sachs, JP Morgan, and Capula Investment Management, where he was a partner and Chief Strategist. He holds a PhD from MIT.
作者簡介(中文翻譯)
布魯斯·塔克曼（BRUCE TUCKMAN）是紐約大學斯特恩商學院的臨床金融教授，教授本科生和MBA學生固定收益和衍生品。他在主要投資銀行擔任董事總經理，管理研究團隊達15年，最近擔任商品期貨交易委員會的首席經濟學家。他在麻省理工學院獲得經濟學博士學位。
安赫爾·塞拉特（ANGEL SERRAT）是阿布達比投資局（ADIA）固定收益部門的量化投資主管。他在芝加哥大學開始了學術生涯，並於1999年轉向業界。他曾在高盛、摩根大通和Capula Investment Management擔任策略和交易職位，並擔任合夥人及首席策略師。他擁有麻省理工學院的博士學位。
