Fixed Income Strategy: A Practitioners Guide to Riding the Curve

Practitioners will be first to tell you that the market has a dynamic spirit. Still, many rigidly follow a single methodology, which works well for a time – but then unexpectedly “blow up”. The motivation for Fixed Income Strategy is to bridge the gap between models and market reality. Models are invaluable, but practitioners need to know when and how to use them. Henderson takes the reader on a critical tour of different approaches that can be used to develop a fixed income strategy. Henderson then takes the process one step further, illustrating how to structure trades that capitalize on various strategic views.
Fixed Income Strategy aims to straddle the different worlds of theoretical models and practical market experience, while offering an interdisciplinary framework for fixed income investing and trading.A focused but very practical approach to fixed income investmentOffer an interdisciplinary framework for fixed income investing and tradingCombines theoretical models and practical market experienceIncorporate principles of risk management and other ingredients for survival on the financial battlefield
“This is a book for practitioners and definitely a good read for newcomers to the business of taking risk. Lots of helpful examples to illustrate the issues facing bond managers, and lots of good pointers to further research. Definitely one for the corporate book shelf.” – Alan J. Brown, Group Chief Investment Officer & Chairman, State Street Global Advisors Limited
 

Spis treści:
Acknowledgments.
Biography.
Introduction.
PART I: BASIC TOOLS FOR ESTABLISHING A FIXED INCOME STRATEGY.
1. Fixed Income Basics.
2. Fixed Income Securities: Beyond the Basics.
3. Economic Fundamentals.
PART II: ENHANCED TOOLS FOR ESTABLISHING A VIEW ON INTEREST RATES.
4. Government Policy: The Interface between Economics and Politi cs.
5. Human Factors.
6. Technical Analysis: Applied Social Psychology.
7. Other Techniques for Short–Term Analysis.
8. An Integrated Approach to Bond Strategy.
PART III: IMPLEMENTING YOUR VIEW.
9. Fixed Income Instruments, Investors and Portfolio Management Styles.
10. Fixed Income Trading.
11. Odds and Ends.
12. Survival Principles for the Financial Battlefield.
Bibliography.
Index.

Nota biograficzna:
TAMARA MAST HENDERSON is a senior fixed income strategist for a leading provider of independent research and market analysis, responsible for European sovereign debt.  Ahead of this, Dr. Henderson was deputy head of the International Monetary Fund′s Investment Unit, responsible for the management of $11 million in trust funds.  Henderson has also worked as an economist for the US Department of Commerce, IMF and Salomon Smith Barney.  She has a B.A. in Foreign Affairs and Economics from the University of Virginia, and a M.A. and Ph.D. in Economics from Claremont Graduate University.

Okładka tylna:
Practitioners will be first to tell you that the market has a dynamic spirit. Still, many rigidly follow a single methodology, which works well for a time – but then unexpectedly “blow up”. The motivation for Fixed Income Strategy is to bridge the gap between models and market reality. Models are invaluable, but practitioners need to know when and how to use them. Henderson takes the reader on a critical tour of different approaches that can be used to develop a fixed income strategy. Henderson then takes the process one step further, illustrating how to structure trades that capitalize on various strategic views.
Fixed Income Strategy aims to straddle the different worlds of theoretical models and practical market experience, while offering an interdisciplinary framework for fixed income investing and trading.A focused bu t very practical approach to fixed income investmentOffer an interdisciplinary framework for fixed income investing and tradingCombines theoretical models and practical market experienceIncorporate principles of risk management and other ingredients for survival on the financial battlefield
“This is a book for practitioners and definitely a good read for newcomers to the business of taking risk. Lots of helpful examples to illustrate the issues facing bond managers, and lots of good pointers to further research. Definitely one for the corporate book shelf.” – Alan J. Brown, Group Chief Investment Officer & Chairman, State Street Global Advisors Limited