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English
Oxford University Press Inc
19 September 2019
Debt Markets and Investments provides an overview of the dynamic world of markets, products, valuation, and analysis of fixed income and related securities. Experts in the field, practitioners and academics, offer both diverse and in-depth insights into basic concepts and their application to increasingly intricate and real-world situations. This volume spans the entire spectrum from theoretical to practical, while attempting to offer a useful balance of detailed and user-friendly coverage. The volume begins with the basics of debt markets and investments, including basic bond terminology and market sectors. Among the topics covered are the relationship between fixed income and other asset classes as well as the differences in fundamental risk. Particular emphasis is given to interest rate risk as well as credit risks as well as those associated with inflation, liquidity, reinvestment, and ESG.

Authors then turn to market sectors, including government debt, municipal bonds, the markets for corporate bonds, and developments in securitized debt markets along with derivatives and private debt markets. The third section focuses on models of yield curves, interest rates, and swaps, including opportunities for arbitrage. The next two sections focus on bond and securitized products, from sovereign debt and mutual funds focused on bonds to how securitization has increased liquidity through such innovations as mortgaged-and asset- backed securities, as well as collateralized debt-,

bond-, and loan obligations. Authors next discuss various methods of valuation of bonds and securities, including the use of options and derivatives. The volume concludes with discussions of how debt can play a role in financial strategies and portfolio creation.

Readers interested in a broad survey will benefit as will those looking for more in-depth presentations of specific areas within this field of study. In summary, the book provides a fresh look at this intriguing and dynamic but often complex subject.

Edited by:   , , , , , ,
Imprint:   Oxford University Press Inc
Country of Publication:   United States
Dimensions:   Height: 235mm,  Width: 162mm,  Spine: 52mm
Weight:   1.362kg
ISBN:   9780190877439
ISBN 10:   019087743X
Series:   Financial Markets and Investments
Pages:   720
Publication Date:  
Audience:   Professional and scholarly ,  Undergraduate
Format:   Hardback
Publisher's Status:   Active

"H. Kent Baker, CFA, CMA, is a University Professor of Finance in the Kogod School of Business at American University. He is an award-winning author/editor of 31 books and more than 180 refereed articles. Professor Baker holds a BSBA from Georgetown University; M.Ed., MBA, and DBA degrees from the University of Maryland; and an MA, MS, and two PhDs from American University. Greg Filbeck, CFA, FRM, CAIA, CIPM, and PRM, is a Samuel P. Black III Professor of Finance and Risk Management at Penn State Behrend and serves as the Director for the Black School of Business. Professor Filbeck has authored or edited 10 books and published more than 95 refereed academic journal articles. He received a BS from Murray State University; an MS from Penn State University, and a DBA (finance) from the University of Kentucky. Andrew C. Spieler, CFA, FRM and CAIA, is a Professor of Finance in the Frank G. Zarb School of Business at Hofstra University. Professor Spieler has authored over 40 scholarly articles and book chapters. In addition, he has received two ""Researcher of the Year"" and two ""Teacher of the Year"" awards. He received a BS from Binghamton University, MBA from Binghamton University, MS from Indiana University and PhD from Binghamton University."

Reviews for Debt Markets and Investments

"""For scholars, teachers, students, and investors, Debt Markets and Investments is a comprehensive yet accessible guide to all types of debt securities and the markets in which they trade. I'm already revising lecture notes for my MBA-level investments course to reflect insights from this volume."" -- Scott Smart, Fettig/Whirlpool Finance Faculty Fellow, Kelley School of Business, Indiana University ""This book is very comprehensive in its coverage, making it a great reference-almost any fixed income related topic has its own chapter. The continual incorporation of theory, practical implications, and empirical evidence into the chapters is impressive, and makes the book suitable for novice and expert alike."" -- Alexander W. Butler, Professor of Finance, Rice University"


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