Naked Guide to Bonds What You Need to Know -- Stripped Down to the Bare Essentials

by Brandes, Michael V.

• ISBN13: 9780471462217
• ISBN10: 0471462217
• Edition: 1st
• Format: Hardcover
• Copyright: 2003-09-26
• Publisher: WILEY

Summary

Professional investors have long understood the importance of bonds in a successful portfolio strategy. Now you can too. That's because Wall Street bond expert Michael Brandes takes a unique approach to this complex subject- "he makes it simple." In "Naked Guide to Bonds: What You Need to Know, Stripped Down to the Bare Essentials," technical jargon and complicated subject matter are translated into a straightforward, easy-to-read style with plenty of examples. What's more, rather than writing an all-inclusive book on the bond market, Brandes uses his expertise to eliminate the information that is not relevant to individual investors. The result is a practical and succinct guide that empowers you to make informed investment decisions. "Naked Guide to Bonds" is written so that each chapter builds upon the information that precedes it. That way you'll never be thrown for a loop. It begins with basic questions such as: "Who issues bonds, and why? And how are bonds bought and sold"? Then you'll learn about the structure of these securities and the characteristics that distinguish them from stocks. Once you're armed with the fundamentals, you'll discover how inflation, interest rates, and changes in the economy impact bond prices. "Naked Guide to Bonds" also provides insights about different types of bonds, including those issued by the U.S. government and its agencies, municipalities, corporations, and international issuers. Most importantly, you

Author Biography

MICHAEL V. BRANDES is Director and Fixed-Income Strategist in the Investment Strategy Group at Smith Barney, a division of Citigroup. He is founding author of Bond Market Monthly, the firm’s flagship research publication for individual fixed-income investors. He also writes Citigroup’s widely popular A Stock Buyer’s Guide to Bond Investing and various research articles about fixed-income strategy. Michael earned a BA in English literature from the University at Albany (NY) and an MBA from Columbia University Business School in New York.

Table of Contents

Preface.

Acknowledgements.

PART ONE: COMMONLY ASKED QUESTIONS.

What's a Bond?

Who Issues Bonds? And Why?

How are Bonds Bought and Sold?

Why Buy Bonds Rather than Stocks?

PART TWO: THE BASICS.

Price.

Maturity.

Coupon.

Yield.

Credit Quality.

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