The definitive guide to fixed income securities-updated and revised with everything you need to succeed in today's market For nearly 40 years, The Handbook of Fixed Income Securities has been providing comprehensive, current, reliable information on everything investors like you need to stay on top of the market and ahead of the curve. The fixed income market has changed dramatically in the past decade. This updated classic brings you fully up to date for a much-changed world of finance, where central banks play a bigger role, interest is low (and sometimes even in negative territory), regulations are more complex, and new types of securities have been created. Brand-new chapters cover: Relative value trades Muni analytics Financial data science Building and maintaining a bond portfolio Factor investing Relative value trades Smart beta fixed income Infrastructure and green bonds Sovereign bond markets One of the world's leading experts on fixed income securities, Frank Fabozzi has gathered a peerless team of global experts who provide the newest and best techniques for winning in today's markets. Fixed Income Securities, Ninth Edition is a matchless, one-stop resource for all your professional needs.

The brand-new edition of this classic guide for high-level investors covers the latest tools and techniques for dealing with all aspects of fixed-income portfolio management Fixed Income Mathematics is known around the world as the leading guide to understanding the concepts and evaluative methodologies for bonds, mortgage-backed securities, asset-backed securities, and other fixed income instruments-and the fifth edition gets you up to date on the newest analytical frameworks. Fixed Income Mathematics begins with basic concepts of the mathematics of finance, then systematically builds on them to reveal state-of-the-art methodologies for evaluating them and managing fixed-income portfolios. Concepts are illustrated with numerical examples and graphs, and you need only a basic knowledge of elementary algebra to understand them. This new edition includes numerous entirely new chapters-Risk-Adjusted Returns, Empirical Duration, Analysis of Floating-Rate Securities, Holdings-Based Return Attribution Analysis, Returns-Based Style Attribution Analysis, Measuring Bond Liquidity, Descriptive Measures, and Machine Learning-and provides substantially revised chapters on: Interest rate modeling Probability theory Optimization models and applications to bond portfolio management Historical return measures Measuring historical return volatility The concepts and methodologies for evaluating fixed income securities have changed dramatically over the past 15 years. This edition explains the numbers behind these changes and provides the knowledge you need to consistently control both the cost and risk of investing in debt.