Money Market Bond Calculations [Hardcover]

Marcia Stigum (Author), Franklin L. Robinson (Author)

Book Description

Series: Money Market Bond Calculations | Publication Date: July 1, 1996

The long-awaited companion to The Money Market, Money Market and Bond Calculations is the first book to give precise and thorough explanations for valuing fixed-income instruments throughout the world. Among the many topics covered: Discount paper; Interest-payment and day-count conventions; Interest-bearing paper; Comparing rates on a directly equivalent basis; Zero-coupon bonds; Floating-rate instruments; Floating rate notes; The measure of bond yield; Duration; covered interest arbitrage; Payment in kind (PIK) bonds.

Product Details

• Hardcover: 432 pages
• Publisher: McGraw-Hill; 1 edition (July 1, 1996)
• Language: English
• ISBN-10: 1556234767
• ISBN-13: 978-1556234767
• Product Dimensions: 9.3 x 6.3 x 1.4 inches
• Shipping Weight: 1.7 pounds
• Average Customer Review: 4.3 out of 5 stars  See all reviews (3 customer reviews)
• Amazon Best Sellers Rank: #2,042,433 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

3 of 3 people found the following review helpful:

4.0 out of 5 stars Good book, May 9, 2000

By A Customer

This review is from: Money Market Bond Calculations (Hardcover)

I found this is the excellent book for anyone to understand bond yielding calculation. Whether you are experienced bond market player, or just beginner, you can always find something useful in the book. I would rate this book 4 stars.

2 of 2 people found the following review helpful:

4.0 out of 5 stars Good book - despite the errors, December 22, 2003

By A Customer

Amazon Verified Purchase

This review is from: Money Market Bond Calculations (Hardcover)

I really like the way the fundamentals of valuation are derived from first principle's. It gives a very good presentation of where the assumptions are made. It is extremely important to understand the assumptions if you really want to know what the results do and do not tell you.

That said, there are several typo's and mathematical errors that really need to be corrected - such as the inverted numerator and denominator in the Newton-Raphson equation presented.

5.0 out of 5 stars Solid Reference Manual, December 7, 2002

By 

E. Arentsen "A Busy Dad" (California) - See all my reviews
(REAL NAME)   

This review is from: Money Market Bond Calculations (Hardcover)

Most people take for granted the calculations used to generate a yield, duration and other fixed income statistic. These values are, more often than not, taken as being absolutes by the people who should most know that they are not always absolute and that yields in one market sector are not always comparable to yields in other market sectors. This book, a long anticipated follow-up to "Money Market Calculations" codifies in a succinct manner the basic conventions used to calculate bond numbers for various market sectors. While the book is certainly not a page-turner, it is a very important reference that should be found on every buy and sell-side trading desk.