Fixed Income Investing

固定收益投资:不确定性增加时代的经典之作

货币银行学

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作      者
出  版 社
出版时间
2021年12月16日
装      帧
精装
ISBN
9783030879211
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页      码
758
开      本
0 x 0 x 0 cm
语      种
英文
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库存 30 本
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图书简介
Fixed income investments have been a topic of broad interest, in particular for institutional investors such as insurance companies and pensions schemes. They were considered safe heavens in turbulent times by almost all other institutional and individual investors and are used for strategies such as portfolio immunization and asset liability matching (ALM). The latest crisis, however, revealed some of the weaknesses of fixed income instruments. They proved to be not as safe as originally thought with both credit and interest rate risks emerging. Consequently, fixed income investments have been in the spotlight once more.This book presents all aspects pertaining to fixed income investments, starting from the basics—i.e. the types of bonds, their valuation, the interest rate term structure—then moving to fixed income portfolio management and the interest rate and credit derivatives and their relevant markets, funds, risks and risk management. Finally, the book addresses contemporary issues such as their behavior in times of crisis, their relation to debt, their coexistence with equity and the current regulatory environment. This book, providing a look at the broader environment of fixed income alongside the current market structure, will be of interest to students, academics, researchers and practitioners in fixed income and investing strategies.​
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