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Investing in Fixed Income Securities: Understanding the Bond Market


Investing in Fixed Income SECURITIES

The goal of this book is to find a middle ground, crystallizing the essential information that will be useful to investors and market professionals alike. Many important fixed income topics are discussed, but the text highlights the most important issues that impact a decision to buy or sell a given security.

For those of you new to fixed income, or in need of a refresher, the book will:

  • Demystify the fixed income markets
  • Provide a comprehensive analysis of all major debt instruments
  • Explain macro-economic concepts and economic variables and their impact on the bond market
  • Offer insight on structuring and managing a fixed income portfolio

For the more experienced investors, the book will:

  • Provide a thorough analysis of more complex instruments, such as mortgage and asset-backed securities
  • Apply appropriate valuation methods to a variety of fixed income securities
  • Offer current economic and market commentary from Phillip Braverman, a respected economist

This book will be an invaluable resource to both the novice investor and the market professional.

Gary Strumeyer is the Managing Director of the Bond and Money Market Group at BNY Capital Markets, Inc., a registered broker-dealer subsidiary of The Bank of New York Company, Inc., and has been with the company for twenty years. He is a former adjunct professor of economics and finance at New York University's School of Continuing and Professional Studies. Strumeyer is the author of Keys to Investing in Municipal Bonds, published by Barron's in 1996. He recently served on the NASD's Corporate Debt Market Panel. The panel's purpose was to review and make recommendations to the NASD Board of Governors regarding how to best insure market integrity and investor protection in the corporate bond market.

Chapter 1: An Overview of the Fixed Income Securities Market.

Chapter 2: The Basics of Debt Instruments.

Chapter 3: Bond Pricing Concepts.

Chapter 4: Risks Associated with Bonds.

Chapter 5: Macroeconomics and the Bond Market.

Chapter 6: Using Economic Variables to Forecast Interest Rates and the Bond Market.

Chapter 7: The Yield Curve.

Chapter 8: Money Market Instruments.

Chapter 9: U.S. Treasury and Government Agency Securities.

Chapter 10: Municipal Bonds.

Chapter 11: Corporate Bonds.

Chapter 12: Emerging Markets.

Chapter 13: Distressed Debt Securities.

Chapter 14: Mortgage-Backed Securities.

Chapter 15: Asset-Backed Securities.

Chapter 16: Preferred Stock.

Chapter 17: Fixed Income Derivatives: Products and Applications.

Chapter 18: Managing a Fixed Income Portfolio.

About the Co-Writers.