The fixed income securities were traditionally known as low-income tools. Presently, there has been a significant shift in the market, making it attractive to investors. A positive change in the market, along with advanced risk management techniques have made a fixed income market appealing to investors. To know more about it, take a look at this handpicked selection of Fixed Income Books on the subject.
1. The Handbook of Fixed Income Securities (Eighth Edition Hardcover – Import, 1 Jan 2012)
This comprehensive guide is the work of writers Frank J. Fabozzi and Steven V. Mann. It introduces the readers to all the basic strategies, concepts, and principles that let them evaluate and understand fixed income securities.
Some of the topics included here are risk analysis, multifactor fixed income models, and high-yield bond portfolio management among other things. The complex mechanisms and risk-management have been discussed in detail.
2. Fixed Income Mathematics, 4E: Analytical & Statistical Techniques (Hardcover – Import, 1 Jan 2006)
Frank J. Fabozzi has written a professional guide including the mathematical and statistical strategies of investing in fixed income securities. The complex methodologies and risks have been elucidated to ensure risk mitigation and higher returns.
It depicts how to use the tools available for laying down sound investment strategies. Thus, the book is highly recommended for hardcore investors and financial professionals, who are looking for better investments.
3. Fixed Income Securities: Tools for Today′s Markets (Wiley Finance) (Hardcover – Import, 16 Dec 2011)
If you are looking for a practical manual on evaluation and study of fixed income securities, then this is it. Bruce Tuckman and Angel Serrat have gone one step ahead to offer a glimpse of global market conditions too.
You will find this book really useful if you are looking to understand the practical usage of quantitative techniques. It has a detailed discussion on advanced techniques and tools for valuation and assessment of the securities.
4. Fixed Income Securities: Valuation, Risk, and Risk Management
Pietro Veronesi offers a handy guide to the theories and practices of the fixed income tools for risk management and evaluation of the laymen and the professionals. The author has described all the concepts regarding risk management in detail.
Some of the main concepts of valuation methodologies have also been explained in depth to help the ones looking to get a fundamental understanding of the ideas. This one is recommended for both professionals and amateurs.
5. Fixed-Income Securities: Valuation, Risk Management, and Portfolio Strategies
This one is the ideal textbook for the students of fixed income studying M. Sc. and MBA because it covers the range of investment strategies, and describes those using practical examples.
The writers Lionel Martellini and Philippe Priaulet ensure that you have rich reference material for the learners looking to have a thorough understanding of alternative and traditional strategies for investing in the securities. It is the right book for both finance professionals and students.
6. Fixed Income Analysis: (CFA Institute Investment Series) [Kindle Edition]
This is an expert guide to the fixed income analysis by the CFA Institute. The writers Barbara S. Petitt, Jerald E. Pinto, and Wendy L. Pirie have designed the book for CFA students, financial professionals, and even the individuals from non-finance backgrounds.
It is an amazing resource for the ones looking to have a complete understanding of principles, strategies, and risk management for fixed income investments.
Wrapping up
Make sure you get your hands on these six top books to understand the fixed income market better and to have a thorough understanding of the modes of analysis and risk management.
