The Handbook of Fixed Income Securities - Fabozzi

Since 1983, The Handbook of Fixed Income Securities has been the essential reference for institutional investors, portfolio managers, financial analysts, and virtually anyone requiring access to the latest, most authoritative information on the global fixed income marketplace.

The Handbook of Fixed Income Securities equips you with a comprehensive overview of all fixed income securities and strategies and continues to be the investment industry's most accessible and all-inclusive resource. Invaluable for its theoretical insights, unsurpassed in its hands-on guidance, and unequalled in the expertise and authority of its contributors, this concise, complete explanation of fixed income securities and applications delivers the data and knowledge investment professionals need and remains the one fixed income answer book to have within reach at all times.

Institutional and individual investors have learned to rely on the handbook for its scope and detail, along with the unquestioned global authority and expertise of its contributors. Its valuable perspective and insights will help you enhance investment returns and avoid poor performance in the fixed income market.

  • Level: Basic+
  • Major Topics: T12, T15
  • Minor Topics: T11, T14, T22, T26, T31, T34, T41, T42, T43


Table of Contents

Part 1. Background
1. Overview of the Types and Features of Fixed Income Securities
2. Risks Associated with Investing in Fixed Income Securities
3. A Review of the Time Value of Money
4. Bond Pricing and Return Measures
5. Measuring Interest Rate Risk
6. The Structure of Interest Rates
7. Bond Market Indexes

Part 2. Government and Private Debt Obligations
8. U.S. Treasury and Agency Securities
9. Municipal Bonds
10. Private Money Market Instruments
11. Corporate Bonds
12. Medium-Term Notes
13. Inflation-Indexed Bonds (TIPS)
14. Floating-Rate Securities
15. Nonconvertible Preferred Stock
16. International Bond Markets and Instruments
17. Brady Bonds
18. Stable Value Investments

Part 3. Credit Analysis
19. Credit Analysis for Corporate Bonds
20. Credit Considerations in Evaluating High-Yield Bonds
21. Investing in Chapter 11 and Other Distressed Companies
22. Guidelines in the Credit Analysis of General Obligation and Revenue Municipal Bonds
23. High-Yield Analysis of Emerging Markets Debt

Part 4. Mortgage-Backed and Asset-Backed Securities
24. Mortgages and Overview of Mortgage-Backed Securities
25. Mortgage Pass-Throughs
26. Collateralized Mortgage Obligations
27. Nonagency CMOS
28. Commercial Mortgage-Backed Securities
29. Securities Backed by Automobile Loans
30. Securities Backed by Closed-End Home Equity Loans
31. Securities Backed by Manufactured Housing Loans
32. Securities Backed by Credit Card Receivables

Part 5. Fixed Income Analytics and Modeling
33. Characteristics of and Strategies with Callable Securities
34. Valuation of Bonds with Embedded Options
35. Valuation of CMOs
36. Fixed Income Risk Modeling
37. OAS and Effective Duration
38. Evaluating Amortizing ABS: A primer on Static Spread

Part 6. Portfolio Management
39. Bond Management: Past, Current, and Future
40. The Active Decisions in the Selection of Passive Management and Performance Bogeys
41. Managing Indexed and Enhanced Indexed Bond Portfolios
42. Global Corporate Bond Portfolio Management
43. Management of a High-Yield Bond Portfolio
44. Bond Immunization: An Asset/Liability Optimization Strategy
45. Dedicated Bond Portfolios
46. Managing Market Risk Proactively at Long-Term Investment Funds
47. Improving Insurance Company Portfolio Returns
48. International Bond Investing and Portfolio Management
49. International Fixed Income Investing: Theory and Practice

Part 7. Equity-Linked Securities and Their Valuation
50. Convertible Securities and Their Investment Characteristics
51. Convertible Securities and Their Valuation

Part 8. Derivative Instruments and Their Portfolio Management Applications
52. Introduction to Interest-Rate Futures and Options Contracts
53. Pricing Futures and Portfolio Applications
54. Treasury Bond Futures Mechanics and Basis Valuation
55. The Basics of Interest-Rate Options
56. Controlling Interest Rate Risk with Futures and Options
57. Interest-Rate Swaps
58. Interest-Rate Caps and Floors and Compound more