Fixed Income Securities : Tools for Today's Markets

A practical guide to today's new wave of fixed income tools and products In the most accessible guide written on the subject, Bruce Tuckman schools readers in an array of cutting-edge techniques for mastering today's challenging fixed income markets. Using easy-to-follow charts and tables that simplify even the most complex subject matter, Tuckman clearly describes the new generation of models for pricing and hedging and applies them to a wide range of fixed income securities--futures, swaps, mortgage strips, and more. "A wonderful mix of academic theory and institutional practice. This is essential reading for any thinking person with an eye towards a successful career in the fixed income financial markets." -- Mark Grinblatt, Assoc. Professor of Finance Anderson Graduate School of Management, UCLA Member, Board of Directors, Salomon Swapco, Inc. "Tuckman combines intuition with precision in this first rate presentation of fixed income securities." -- William Silber, Professor, Leonard N. Stern School of Business New York University "This book not only presents a firm theoretical basis for understanding and valuing bonds, it also presents a framework that is rich enough to capture the institutional details that make debt markets so fascinating. This book should be read by both practitioners and academics with an interest in debt instruments." -- Martin J. Gruber, Nomura Professor of Finance Leonard N. Stern School of Business New York University