Offering more concise and less technical coverage of the material featured in the classic text Bond Markets, Analysis, and Strategies, this streamlined book is rightsized for a one-semester fixed-income course. In accessible terms, Frank Fabozzi describes the sectors of the fixed-income market, details how to value fixed-income instruments, and shows how to measure interest rate risk and how to manage a fixed income portfolio. Key concepts are illustrated with extensive examples and exercises, and end-of-chapter questions invite further research. The result is an incisive but approachable introduction to fixed-income analysis for undergraduate finance and business students.
- Comprehensive coverage of fixed-income markets
- Easy-to-understand framing of mathematical concepts accommodates a wide readership with varying levels of mathematical expertise
- Extensive illustrations and examples animate analytical chapters
- Written by an expert with deep experience in the asset management industry and the classroom
- Pragmatic modular structuring of content enables adaptability to different curricula
- Instructor resources available