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

Author: Fabozzi, F.J. (USA) Author, Yu Zhuojing Translator
Publisher:
Publishing Date: Not available
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 required more sophisticated analysis to evaluate their price and volatility characteristics. Frank J. Fabozzi's Mathematics of Fixed Income begins 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.