Income-bond

I read this book cover to cover and it was an education to say the least. Looking for income strategies, I found a foundation to build off of here.

I also give it a Aaa rating!

The best guide to investing in bond funds available anywhere!

Perfect for income investors looking to increase their understanding and income potential.

Strategies are a real eye opener!

Ralph does a terrific job introducing the investor to the sometimes complicated world of bonds and bond mutual funds. For any investor who is looking to round out an equity portfolio with fixed income products, or who wants to invest entirely in bonds, this book is absolutely the best place to start.

This is an outstanding textbook that is worth every penny I spent on it. It has everything you need for an MBA in finance course on fixed-income securities.
This book is the only one on the subject that has several worked out examples and end of chapter problems and solutions. That is very useful if you want to master the subject. You will encounter plenty of practice opportunities.
All the other books-Tuckman, Fabozzi, Sundaresan, and the rest-while they make good reference books to have on your shelf, they are very poor textbooks to learn from.
If you want to master fixed-income securities, you need to have this textbook.

Thank you,

This book provide a visual approach to me to understand more what is the text talking about. It is very clear to me to learn and see the result of a portfolio. Very useful.

I like this book. It provides a good summary of a complete list of the term structure models. Best of all, it contains a consistent methodology for deriving interest rate derivatives. The forward measure technique is explained very well. However, symbols are not clear and later chapters are too "concise". I would like to see more numerical examples. Also, an inclusion of numerical methods should be helpful.

(...) It gives a lot of general info on a lot of different Fixed income topics. It's a good ref. for people just getting involved with fixed income. However if you are looking for focused material, you should look into one of Frank's books on that area. Good overall intuition on Fixed income markets and products.

If you are in the financial world dealing with fixed income directly or indirectly, just entering into the fixed income world, or looking for a great FI reference, go no further. This is it. Very broad with heavy MBS influence as well as the basics of fixed income. This is for novice to intermediate FI users. Academics and advanced portfolio managers might find this general. But, for the large population this is the spot.

This book has been around for years and new editions are lapped up by fresh generations of bond geeks. You will find a copy on pretty much every fixed income desk in the industry (including mine). Why all the hoopla? Because there is simply no other book like it. Because it is simply the most comprehensive survey of the various fixed income markets in print. For a basic understanding of the structure and institutional aspects fixed income securities, Fabozzi is the inevitable first stop. All this being said, it is important to understand the book's weaknesses. There is relatively little depth in terms of analytics and if you want formulae you will have to look elsewhere. But for basic overviews, structural details and the orientation that is a precondition for deeper study, the Handbook is in a class by itelf.

This book is at its best when explaining the theory. Jarrow provides lots of very explicit examples that really help to illuminate the ideas. Unfortunately, the reader is left to fend for himself when it comes to implementing the theory. The author simply breezes over how to estimate and calibrate these models. There is a rich--but abstruse--literature on how to apply HJM models. This book would be greatly improved if it covered this aspect of the topic with the same care and detail as is devoted to the theoretical segment of the book.

The book is very good, unquestionably. It provides you with a deep understanding of interest rate models and risk management. Mind you, you need to know the basics of bonds and fixed income contongent claims, before you try this book. The examples are apt, and explanations are succint, and easily understood. The mathematics involved can be mastered easily, and no arcane stuff (like measure-theoretic probability etc.) are used. So, the book will be accessible to MBA students too. This book has helped me understand the subject very well.

I head an interest rate swap desk after several years trading interest rate swaps. I refer to this excellent book when I need a quantitative brush up. Most of our challenges are on the fundamental principles, and Jarrow covers them very well. I'm a fan of Jarrow, and have several of his other works as well. Since I soon will also have responsibility for credit derivatives, I bought and recommend "Credit Derivatives" by Tavakoli. This book brought me up to speed on exotic options in this market as well as total return swaps and the various types of credit derivatives products. Many of my customers use interest rate exotics as well as these products.

I'm going to be short with this review but I liked the book enough to log into Amazon and at least attempt to write something. First, easy read. Second, good analysis of yield curves. Third, provided a basic understanding of the concepts. Enough to get started.

I am going to buy yet another book on Bonds. It goes into more depth on each type of bond and investing for income.

However, this book was a great start to the cloudy world of bonds and the vocabulary that goes along with it.

I find the content of this book has already been written hundreds of times..not only in other financial books but also in scores of academic papers...true, it has been written by outstanding market participants, but that price !! ouch , that price !!

the book "fixed income and credit management" analyzes the interacting impact of different risk parameters and exposures on a fixed income portfolio, with special applications for euro and dollar investors.

This is an excellent book for those in the fixed income asset management world to get to grips with what managing credit risk is all about.

As the market becomes more transparenet and increasingly liquid, more asset managers will need book slike this to provide them the initial knowledge on how to make and manage the right bets in their portfolios.

I look forward to the next release which whould have more quantitative details around the credit markets.

It's basically a collection of dumbed-down review articles on modern fixed income. There's not as much in here on option pricing as I would have wished, and if you consider yourself a reasonable technical person who's seen any fixed income trading before, it's not going to be that helpful to you.

It's a nice SUMMARY of the literature available for those who don't have the time to read it all first-hand. Since my primary interest is more towards equity exotics, the book was more than satisfactory for me. I'd say the target audience is non-fixed income exotics traders, quants without much background in fixed income, and academics.

The best article in the book is probably the one written by Das. He's one of my favorite authors and his chapter in this book is no exception.

My main complaint is that many portions of the book INSIST on using econometric models and pricing kernels rather than the DiffEq framework. For that reason, I like Paul Wilmott's presentaion of the math a little better. I find myself constantly referring back to "Derivatives" and translating what the guys in this book are trying to say.

As with most books in the field, it is also very poor at describing the implementation of the models presented.