A complete guide forprofessionals with advancedmathematical skills but little orno financial knowledge . . .
You’re smart. Logical. Mathematicallyadept. One of those people who canmake quick work of long, difficult equations.But when it comes to managing a financialportfolio and managing risk, you wonder ifyou’re missing out.
Fixed Income Finance is the book for you.It’s the perfect introduction to the concepts,formulas, applications, and methodology,all derived from first principles, that youneed to succeed in the world of quantitativefinance―with a special emphasis on fixedincomes. Written by two of the sharpest analyticalminds in their fields, this instructiveguide takes you through the basics of fixedincome finance, including many new andoriginal results, to help you understand:
- Treasury Bonds and the Yield Curve
- The Macroeconomics behind TermStructure Models
- Structural Models for CorporateBonds and Portfolio Diversification
- Options
- Fixed Income Derivatives
- Numerical Techniques
Filled with step-by-step equations, clearand concise concepts, and ready-to-useformulas, this essential workbook bridges thegap between basic beginners’ primers andmore advanced surveys to provide hands-on tools you can begin to use immediately. It’s allyou need to put your math skills to work―and make the money work for you.
Brilliantly researched, impeccably detailed,and thoroughly comprehensive, Fixed IncomeFinance is applied mathematics at its best andmost useful.
Mark Wise is the John A. McConeProfessor of High Energy Physics at theCalifornia Institute of Technology. He is thewinner of the 2001 J.J. Sakurai Prize of theAmerican Physical Society and a member ofthe American Academy of Arts and Sciencesand National Academy of Sciences. He is alsothe coauthor of Heavy Quark Physics.
Vineer Bhansali is an executive vicepresident, portfolio manager, firm-wide headof analytics for portfolio management, and asenior member of PIMCO’s portfolio managementteam. He is the author of Pricingand Managing Exotic and Hybrid Options andcurrently serves as an associate editor forthe International Journal of Theoretical andApplied Finance.