Fixed Income Analysis (CFA Institute Investment Series) [Hardcover]

Frank J. Fabozzi CFA (Author), Martin L. Leibowitz (Foreword)

Book Description

ISBN-10: 047005221X | ISBN-13: 978-0470052211 | Publication Date: January 22, 2007 | Edition: 2

In the Second Edition of Fixed Income Analysis, financial expert Frank Fabozzi and a team of knowledgeable contributors provide complete coverage of the most important issues in fixed income analysis.

Now, in Fixed Income Analysis Workbook, Second Edition, Fabozzi offers you a wealth of practical information and exercises that will solidify your understanding of the tools and techniques associated with this discipline. This comprehensive study guide--which parallels the main book chapter by chapter--contains challenging problems and a complete set of solutions as well as concise learning outcome statements and summary overviews.

If you want to make the most of your time in the fixed income marketplace, the lessons within this workbook can show you how. Topics reviewed include:

• The risks associated with investing in fixed income securities
• The fundamentals of valuation and interest rate risk
• The features of structured products--such as mortgage-backed securities and asset-backed securities
• The principles of credit analysis
• The valuation of fixed income securities with embedded options

Editorial Reviews

From the Inside Flap

As part of the CFA Institute Investment Series, the Second Edition of Fixed Income Analysis has been designed for a wide range of readers, from graduate-level students focused on finance to practicing investment professionals. This book, valuable for self-study as well as for general reference, provides complete coverage of the most important issues in fixed income analysis.

In this fully revised edition, fixed income expert Frank Fabozzi—along with a number of experienced contributors—skillfully covers the fixed income marketplace, the risks associated with investing in fixed income securities, and the fundamentals of valuation and interest rate risk. This book also examines the valuation of fixed income securities with embedded options, the features of structured products (such as mortgage-backed securities and asset-backed securities), and the principles of credit analysis. Rounding out the discussion, Fixed Income Analysis, Second Edition demonstrates how to construct a portfolio that is in line with your investment objectives.

And to further enhance your understanding of the tools and techniques explored here, don't forget to pick up the Fixed Income Analysis Workbook, Second Edition —a comprehensive companion study guide containing Learning Outcomes and Summary Overview sections, along with challenging practice questions and solutions.

Straightforward and accessible, Fixed Income Analysis, Second Edition provides the even treatment of subject matter, consistency of mathematical notation, and continuity of topic coverage so critical to the learning process. Filled with in-depth insights and expert advice, this practical guide offers a detailed look at how fixed income analysis can be understood and applied to today's investment process.

From the Back Cover

"Fabozzi has a gift for making the complex comprehensible. He cuts through the jargon and mathematics to explain the fixed income market in a splendidly logical and intuitive manner."
—Martin Fridson, CFA, CEO, FridsonVision LLC

"This is the finest and most comprehensive treatment of the global debt markets in a single volume ever published. This compelling book should be a mandatory read, not only for aspiring CFA charterholders, but by all professional members of the global bond community."
—Jack Malvey, CFA, Chief Global Fixed Income Strategist, Lehman Brothers

"In the field of fixed income analysis, Dr. Fabozzi has honed his authoring and editing skills over many years. This encyclopedic volume is likely to become the 'go to' reference for many fixed income investment professionals."
—Bill Nemerever, CFA, Partner, Grantham, Mayo Van Otterloo & Co. LLC

"A tour de force by a giant in our business"
—Paul McCulley, Managing Director and Portfolio Manager, PIMCO

See all Editorial Reviews

Product Details

• Hardcover: 768 pages
• Publisher: Wiley; 2 edition (January 22, 2007)
• Language: English
• ISBN-10: 047005221X
• ISBN-13: 978-0470052211
• Product Dimensions: 10.2 x 7.3 x 1.6 inches
• Shipping Weight: 3.2 pounds (View shipping rates and policies)
• Average Customer Review: 3.8 out of 5 stars  See all reviews (4 customer reviews)
• Amazon Best Sellers Rank: #26,827 in Books (See Top 100 in Books)

More About the Author

Frank J. Fabozzi is Professor in the Practice of Finance and Becton Fellow at the Yale School of Management and Editor of the Journal of Portfolio Management. He is a Chartered Financial Analyst and earned a doctorate in economics from the City University of New York.

Customer Reviews

Most Helpful Customer Reviews

20 of 26 people found the following review helpful:

1.0 out of 5 stars Dé jà vu, August 25, 2008

By 

********** - See all my reviews

This review is from: Fixed Income Analysis (CFA Institute Investment Series) (Hardcover)

You do not need this book for the CFA. When you pay for your tests, you are forced to purchased their set of books specifically designed for the CFA program. In fact, the institute will tell you not to purchase the source books from which their set of books was derived.

As for this new edition, it is not materially different from the previous edition. The difference in the new edition is that the learning outcome statements have been removed as well as the the excercises and chapter summaries. This was a big mistake. How useful would a mathematics book be without the many exercises? It wouldn't. Those omitted features are what actually made the books appealing.

You'll notice in the paid editorial description that there is a reference to a workbook with the missing features to which I alluded in the previous paragraph. It is true that the workbook contains those feature, but now they have you purchasing two books.

The best strategy, if you really want the book, is to purchase it on the secondary market for a very low price.

1 of 1 people found the following review helpful:

4.0 out of 5 stars Bond valuation, July 12, 2010

By 

Viviana T. Gonzalez - See all my reviews
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Amazon Verified Purchase

This review is from: Fixed Income Analysis (CFA Institute Investment Series) (Hardcover)

I used this book for a bond valuation class. It was really easy to understand the concepts from the book alone. Even though it was for a class, I enjoyed reading this, it helped me understand how fixed income securities are measured and managed.

The book came in the conditions bought.

4 of 6 people found the following review helpful:

5.0 out of 5 stars Very dense and informitive read, September 29, 2008

By 

Esena - See all my reviews

This review is from: Fixed Income Analysis (CFA Institute Investment Series) (Hardcover)

This text book is well worth the price. It is a very dense read and has about everything you need to know about the initial steps to fixed income analysis. Fabozzi writes so it is easy to read, although there is tons of information. I recommend this purchase.