Bonds and Bond Derivatives [Paperback]

Miles Livingston (Author)

Book Description

Publication Date: January 6, 1999 | ISBN-10: 0631207562 | ISBN-13: 978-0631207566 | Edition: 1

This book is an introduction to bond markets and bond derivatives for students as well as for executives in commercial businesses and financial institutions.

Editorial Reviews

Book Description

This book provides an introduction to bond markets and bond derivatives for readers working in commercial businesses and financial institutions. While many topics about debt instruments involve mathematics, this book presents the essential elements in an intuitive manner. This new edition includes updated institutional material; new sections on callable bonds and the yield to call, convertible bonds, and methods for estimating and modern models of term structure of interest rates; as well as a comprehensive discussion of bonds in the European Economic Union. --This text refers to an alternate Paperback edition.

From the Back Cover

This book is an introduction to bond markets and bond derivatives for students as well as for executives in commercial businesses and financial institutions. While many topics about debt instruments involve considerable mathematics, this text presents the essential elements in an intuitive and relatively non-mathematical way. For students, the book is designed to be the main text for a debt markets course or as a supplement for investment, money and banking, and institutional finance courses. For practitioners, the book can be used as a training manual and reference source for firms involved in the debt markets.

The book begins with a discussion of the major macroeconomic determinants of interest rates before proceeding to present financial institutions - including the Federal Reserve, the US Treasury, brokers, dealers, investment bankers, mutual funds, banks, pension funds, and insurance companies - and their role in the debt markets. Present value calculations for flat and nonflat term structures are carefully described. Several chapters cover specialized instruments such as money market debt, mortgages, international debt, options, futures, and swaps, while the important concept of arbitrage is shown to link many different types of markets.

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Product Details

• Paperback: 262 pages
• Publisher: Wiley-Blackwell; 1 edition (January 6, 1999)
• Language: English
• ISBN-10: 0631207562
• ISBN-13: 978-0631207566
• Product Dimensions: 9 x 6 x 0.6 inches
• Shipping Weight: 14.4 ounces
• Average Customer Review: 2.5 out of 5 stars  See all reviews (2 customer reviews)
• Amazon Best Sellers Rank: #3,496,171 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

2.0 out of 5 stars I may be biased because the author is my professor..., February 4, 2011

By 

nutmeg642 - See all my reviews

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This review is from: Bonds and Bond Derivatives (Paperback)

...but the book isn't anything special. I feel wikipedia could do a better job. Not only the book, but the homework problems and the provided solutions (although occasionally detailed, these solutions are typically just the final answer) aren't very helpful to solidifying any concepts. Simply put -- there's got to be a better book that briefly reviews these same topics in a more beneficial way. I think this book and it's presentation style are simply too outdated.

5 of 8 people found the following review helpful:

3.0 out of 5 stars Good overview for beginners, April 20, 2000

By 

Ligeza - See all my reviews

This review is from: Bonds and Bond Derivatives (Science Biographies) (Hardcover)

This book gives a very good review for beginners investing in the US bond market only. If you are a professional it is more a dictionnary, it doesn't analyse properly instruments. I would like to finally see an author able to understand that a bond is a bond, and a book like that should focus on this and not to give us a extensive listing of all US bonds in the market ....Second USA are not anymore the only financial market in the world : so "International" chapter should be at least as important as the rest of the exercise...