Fixed Income Analytics - Softcover

Garbade, Kenneth D. D.

Softcover

ISBN 10: 0262525577 ISBN 13: 9780262525572

Publisher: MIT Press, 1996

Synopsis

Fixed Income Analytics brings together twenty influential papers written by Kenneth Garbade with members of the Cross Markets Research Group of Bankers Trust Company between 1983 and 1990, and is one of the few, if not only, books on fixed income analysis that focuses on applicable techniques while remaining analytically rigorous.

About this title

About the Author:

Kenneth D. Garbade is Senior Vice President, Money and Payments Studies Function, Research and Statistics Group, at the Federal Reserve Bank of New York. He is the author of Fixed Income Analytics (1996), Pricing Corporate Securities as Contingent Claims (2001), both published by the MIT Press, and other books.

Review:

This collection will be very useful. The articles are well-written, informative, and include important institutional detail which is often overlooked. This collection will be a valuable resource for academics and practitioners alike. Congratulations to Ken Garbade on his fine work over the years.

―Mark Broadie, Graduate School of Business, Columbia University

Kenneth Garbade has been in the forefront in educating bond market participants and in helping them to improve their interest rate risk measure and management tools. His work is state-of-the-art. This collection of his pioneering papers will be highly relevant for bond market participants.

―Antii Ilmanen, Vice President, Salomon Brothers Inc.

Fixed Income Analytics presents Kenneth Garbade's timeless pieces that show the reader not only the details of a problem, but, more importantly, how to think about that class of problems. This collection will serve as a great advanced practical fixed income analysis text. I also think the book will find a home on the shelves of every fixed income researcher on Wall Street.

―Arthur Warga, Lubar Professor of Finance, University of Wisconsin

Theories of bond pricing and interest rate behavior focus on relationships that 'ideal' securities are supposed to obey. But actual financial markets price actual securities, taking into account a wide range of particular characteristics that affect their values. Moreover, yields are computed from these prices and reported using many different market conventions. What Garbade does in this series of articles is to explain, precisely, clearly, and correctly, how actual bond prices and interest rates are established, given both the theoretical principles and the practical details of the bond market. These descriptions are invaluable for traders who need to price real securities exactly, for researchers who need to understand the characteristics of the instruments and the markets they are studying, and for anyone who wants to learn exactly how the bond market works.

―Stephen Figlewski, Professor of Finance, Leonard N. Stern School of Business, New York University

Fixed Income Analytics is an outstanding combination of theprecision of academics with the institutional detail of the real world.It is required reading for any serious MBA student.

―William L. Silber, Professor of Finance and Economics,New York University

About this edition

• Publisher: MIT Press
• Publication date: 1996
• ISBN 10: 0262525577
• ISBN 13: 9780262525572
• Binding: Paperback
• Number of pages: 486