The brand-new edition of this classic guide for high-level investors covers the latest tools and techniques for dealing with all aspects of fixed-income portfolio management
Fixed Income Mathematics is known around the world as the leading guide to understanding the concepts and evaluative methodologies for bonds, mortgage-backed securities, asset-backed securities, and other fixed income instruments-and the fifth edition gets you up to date on the newest analytical frameworks.
Fixed Income Mathematics begins with basic concepts of the mathematics of finance, then systematically builds on them to reveal state-of-the-art methodologies for evaluating them and managing fixed-income portfolios. Concepts are illustrated with numerical examples and graphs, and you need only a basic knowledge of elementary algebra to understand them.
This new edition includes numerous entirely new chapters-Risk-Adjusted Returns, Empirical Duration, Analysis of Floatin
