Fixed income markets and their derivatives 2nd ed.
作者： Suresh M. Sundaresan.
出版社：
简介：Summary:
Publisher Summary 1
Fixed-income markets represent nearly two thirds of all securities in the capital markets, ranging from a simple zero coupon security that pays only at its maturity, to those that have uncertain cash lows with many implicit or explicit optional features. Sundaresan (finance and economics, Columbia U.) explores the interplay between theory, empirical evidence, and the evolution of market institutions regarding such matters as the behavior of interest rates, inflation, default rates, and prepayments. No date is mentioned for the first edition, but the second has been reorganized into three sections on markets, mechanisms, and basic tools; fixed-income markets and portfolio management; and fixed-income derivatives and risk management. Annotation c. Book News, Inc., Portland, OR (booknews.com)
Publisher Summary 2
Provides an overview of fixed-income markets and their derivative markets including treasury, corporate, agency, mortgage-backed securities and debt options, futures and swap markets. Helps the students understand the theory relevant to these markets enabling them to participate in a more intelligent and confident way as corporate customers, traders, bankers, or investors.
