Fixed-Income Securities: Valuation, Risk Management and Portfolio Strategies

3.43 avg rating
( 7 ratings by Goodreads )
 
9780470852774: Fixed-Income Securities: Valuation, Risk Management and Portfolio Strategies

This textbook will be designed for fixed-income securities courses taught on MSc Finance and MBA courses. There is currently no suitable text that offers a 'Hull-type' book for the fixed income student market. This book aims to fill this need. The book will contain numerous worked examples, excel spreadsheets, with a building block approach throughout. A key feature of the book will be coverage of both traditional and alternative investment strategies in the fixed-income market, for example, the book will cover the modern strategies used by fixed-income hedge funds.

  • The text will be supported by a set of PowerPoint slides for use by the lecturer
  • First textbook designed for students written on fixed-income securities - a growing market
  • Contains numerous worked examples throughout
  • Includes coverage of important topics often omitted in other books i.e. deriving the zero yield curve, deriving credit spreads, hedging and also covers interest rate and credit derivatives

"synopsis" may belong to another edition of this title.

From the Back Cover:

Fixed-income securities

Valuation, Risk Management and Portfolio Strategies
Lionel Martellini, Philippe Priaulet and Stéphane Priaulet

This is the first comprehensive textbook for students studying fixed-income securities, and is ideally suitable to MBA, MSc and final-year undergraduate students in Finance and related topics.

The text offers an accessible and detailed account of interest rates and risk management in bond markets. It develops insights into different bond portfolio strategies, and illustrates how various types of derivative securities can be used to shift the risk associated with investing in fixed-income securities. It also provides extensive coverage on all sectors of the bond market, and the techniques for valuing bonds. In addition, explanation is given of state-of-the-art techniques for bond portfolio management, including:

  • A description of numerous fixed-income assets and related securities, namely zero coupon government bonds, coupon bearing government bonds, corporate bonds, exchange-tradedbond options, bonds with embedded options, floating rate notes, caps, floors and collars, swaptions, credit derivatives, mortgage-backed securities, etc.
  • The development of tools to analyse interest rate sensitivity and to value fixed-income securities, with an emphasis on active and passive bond management, and an overview of techniques used by mutual fund and also hedge fund managers.

With numerous worked examples covering valuation, risk management and portfolio strategies and imaginative discussion of important topics such as deriving the zero yield curve, deriving credit spreads, and hedging interest rate risk, the text provides an accessible route into the complex worlds of fixed-income securities.

The authors have produced a work of the very highest quality. As focused as it is comprehensive,this is a superb contribution to the literature . . .
—Moorad Choudhry, VP, Structured Finance Services, JPMorgan Chase Bank, Senior Fellow, Centre for Mathematical Trading and Finance, CASS Business School, London.

The authors have written a fantastic textbook that combines rigorous theory with market practice, giving fixed-income students access to the important developments of the last twenty years. This will become the standard textbook for any serious MBA course on fixed-income.
—Pedro Santa-Clara, Anderson School of Management, University of California, Los Angeles.

Supplementary materials for lecturers and students (including a syllabus, course web page, PowerPoint slides, solutions to problems, and Excel illustrations) can be found at the following website: http://www.wiley.co.uk/martellini

Please visit our website at www.wileyfinance.com

From the Inside Flap:

Fixed-Income Securities is essential reading for those involved with and requiring a detailed understanding of fixed-income securities. Combining theory with an abundance of practical examples and illustrations, this book provides a comprehensive treatment of the subject. The first part of the book is devoted to the question of hedging and pricing certain cash-flows in the presence of interest rate risk. The level of mathematical sophistication involved for a good understanding of that material is relatively limited, and essentially includes basic notions of calculus and statistics. Hence, this first part should be accessible to those with no background in the theory of stochastic processes. The second part of the book is devoted to the question of hedging and pricing uncertain cash-flows, such as cash-flows generated by any fixed-income contingent claim, in the presence of interest rate risk. It involves more sophisticated mathematical tools, especially those borrowed from stochastic calculus, which are introduced in an Appendix. As such, this second part is more suited to students and professionals with exposure to, or at least appetite for, a more quantitative treatment of financial concepts.

"About this title" may belong to another edition of this title.

Top Search Results from the AbeBooks Marketplace

1.

Lionel Martellini ( ); Philippe Priaulet ( ); Stéphane Priaulet ( )
Published by John Wiley and Sons
ISBN 10: 0470852771 ISBN 13: 9780470852774
New Quantity Available: > 20
Seller:
INDOO
(Avenel, NJ, U.S.A.)
Rating
[?]

Book Description John Wiley and Sons. Book Condition: New. Brand New. Bookseller Inventory # 0470852771

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 51.51
Convert Currency

Add to Basket

Shipping: US$ 3.50
Within U.S.A.
Destination, Rates & Speeds

2.

Lionel Martellini
Published by John Wiley and#38; Sons (2003)
ISBN 10: 0470852771 ISBN 13: 9780470852774
New Quantity Available: > 20
Seller:
Books2Anywhere
(Fairford, GLOS, United Kingdom)
Rating
[?]

Book Description John Wiley and#38; Sons, 2003. PAP. Book Condition: New. New Book. Shipped from UK in 4 to 14 days. Established seller since 2000. Bookseller Inventory # FW-9780470852774

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 46.54
Convert Currency

Add to Basket

Shipping: US$ 12.07
From United Kingdom to U.S.A.
Destination, Rates & Speeds

3.

Lionel Martellini, Philippe Priaulet, Stephane Priaulet
Published by John Wiley and Sons Ltd, United Kingdom (2003)
ISBN 10: 0470852771 ISBN 13: 9780470852774
New Paperback First Edition Quantity Available: 10
Seller:
The Book Depository US
(London, United Kingdom)
Rating
[?]

Book Description John Wiley and Sons Ltd, United Kingdom, 2003. Paperback. Book Condition: New. 1. Auflage. Language: English . Brand New Book. This textbook will be designed for fixed-income securities courses taught on MSc Finance and MBA courses. There is currently no suitable text that offers a Hull-type book for the fixed income student market. This book aims to fill this need. The book will contain numerous worked examples, excel spreadsheets, with a building block approach throughout. A key feature of the book will be coverage of both traditional and alternative investment strategies in the fixed-income market, for example, the book will cover the modern strategies used by fixed-income hedge funds. The text will be supported by a set of PowerPoint slides for use by the lecturerFirst textbook designed for students written on fixed-income securities - a growing marketContains numerous worked examples throughoutIncludes coverage of important topics often omitted in other books i.e. deriving the zero yield curve, deriving credit spreads, hedging and also covers interest rate and credit derivatives. Bookseller Inventory # AAH9780470852774

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 59.41
Convert Currency

Add to Basket

Shipping: FREE
From United Kingdom to U.S.A.
Destination, Rates & Speeds

4.

Lionel Martellini, Philippe Priaulet, Stephane Priaulet
Published by John Wiley and Sons Ltd, United Kingdom (2003)
ISBN 10: 0470852771 ISBN 13: 9780470852774
New Paperback First Edition Quantity Available: 10
Seller:
The Book Depository
(London, United Kingdom)
Rating
[?]

Book Description John Wiley and Sons Ltd, United Kingdom, 2003. Paperback. Book Condition: New. 1. Auflage. Language: English . Brand New Book. This textbook will be designed for fixed-income securities courses taught on MSc Finance and MBA courses. There is currently no suitable text that offers a Hull-type book for the fixed income student market. This book aims to fill this need. The book will contain numerous worked examples, excel spreadsheets, with a building block approach throughout. A key feature of the book will be coverage of both traditional and alternative investment strategies in the fixed-income market, for example, the book will cover the modern strategies used by fixed-income hedge funds. The text will be supported by a set of PowerPoint slides for use by the lecturerFirst textbook designed for students written on fixed-income securities - a growing marketContains numerous worked examples throughoutIncludes coverage of important topics often omitted in other books i.e. deriving the zero yield curve, deriving credit spreads, hedging and also covers interest rate and credit derivatives. Bookseller Inventory # AAH9780470852774

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 61.16
Convert Currency

Add to Basket

Shipping: FREE
From United Kingdom to U.S.A.
Destination, Rates & Speeds

5.

Lionel Martellini, Philippe Priaulet, Stéphane Priaulet
Published by Wiley 2003-05-28, Chichester (2003)
ISBN 10: 0470852771 ISBN 13: 9780470852774
New paperback Quantity Available: 5
Seller:
Blackwell's
(Oxford, OX, United Kingdom)
Rating
[?]

Book Description Wiley 2003-05-28, Chichester, 2003. paperback. Book Condition: New. Bookseller Inventory # 9780470852774

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 55.23
Convert Currency

Add to Basket

Shipping: US$ 8.05
From United Kingdom to U.S.A.
Destination, Rates & Speeds

6.

Martellini, Lionel
ISBN 10: 0470852771 ISBN 13: 9780470852774
New Quantity Available: 1
Seller:
Pbshop
(Wood Dale, IL, U.S.A.)
Rating
[?]

Book Description 2003. PAP. Book Condition: New. New Book.Shipped from US within 10 to 14 business days. Established seller since 2000. Bookseller Inventory # IB-9780470852774

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 59.67
Convert Currency

Add to Basket

Shipping: US$ 3.99
Within U.S.A.
Destination, Rates & Speeds

7.

Lionel Martellini
Published by John Wiley & Sons
ISBN 10: 0470852771 ISBN 13: 9780470852774
New Paperback Quantity Available: > 20
Seller:
THE SAINT BOOKSTORE
(Southport, United Kingdom)
Rating
[?]

Book Description John Wiley & Sons. Paperback. Book Condition: New. New copy - Usually dispatched within 2 working days. Bookseller Inventory # B9780470852774

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 54.75
Convert Currency

Add to Basket

Shipping: US$ 9.31
From United Kingdom to U.S.A.
Destination, Rates & Speeds

8.

Martellini, Lionel; Priaulet, Philippe; Priaulet, Stéphane
Published by U.S.A.: Wiley (2003)
ISBN 10: 0470852771 ISBN 13: 9780470852774
New Soft cover First Edition Quantity Available: 3
Seller:
Supernew USA
(Bangkok, ., Thailand)
Rating
[?]

Book Description U.S.A.: Wiley, 2003. Soft cover. Book Condition: New. 1st Edition. New, US Edition . 1st Edition, Delivery time is 3-5 business days via either UPS, FedEx, DHL. Premium quality books. Bookseller Inventory # 0470852771

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 60.00
Convert Currency

Add to Basket

Shipping: US$ 10.00
From Thailand to U.S.A.
Destination, Rates & Speeds

9.

Lionel Martellini; Philippe Priaulet; Stéphane Priaulet
Published by Wiley (2003)
ISBN 10: 0470852771 ISBN 13: 9780470852774
New Paperback First Edition Quantity Available: 1
Seller:
Irish Booksellers
(Rumford, ME, U.S.A.)
Rating
[?]

Book Description Wiley, 2003. Paperback. Book Condition: New. book. Bookseller Inventory # M0470852771

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 78.31
Convert Currency

Add to Basket

Shipping: FREE
Within U.S.A.
Destination, Rates & Speeds

10.

Martellini, Lionel; Priaulet, Philippe; Priaulet, Stà phane
Published by Wiley
ISBN 10: 0470852771 ISBN 13: 9780470852774
New PAPERBACK Quantity Available: 1
Seller:
Qwestbooks COM LLC
(Bensalem, PA, U.S.A.)
Rating
[?]

Book Description Wiley. PAPERBACK. Book Condition: New. 0470852771. Bookseller Inventory # Z0470852771ZN

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 78.65
Convert Currency

Add to Basket

Shipping: FREE
Within U.S.A.
Destination, Rates & Speeds

There are more copies of this book

View all search results for this book