Fixed Income Mathematics: Analytical and Statistical Techniques (Third Edition)

Author: Fabozzi
Publisher:
Publish Date: 2005-05-01
Features: Before the early 1980s of the 20th century, fixed income analysis was a clear and simple process. Afterward, the introduction of complex fixed income securities made it necessary to use more sophisticated analysis to evaluate the price and price volatility characteristics of these securities. Frank J. Fabozzi's Mathematics of Fixed Income starts with the fundamental principles of financial mathematics and provides a detailed introduction to concepts such as bond pricing, yield measurement, yield curves, investment income, and interest rate duration. It also offers a cash flow and pricing analysis of mortgage-backed securities (MBS), the largest bond market instruments in the United States. This book is highly beneficial as a textbook on fixed income mathematics for investors new to the bond market, traders with practical experience, or readers interested in bond finance.