As the title suggests, Bonds in Day is an introductory text to the world of bond mathematics. The author assumes no knowledge on the part of the reader and explains each new concept as it comes up in a simple and informative manner, often mixed in with a few humorous stories.... Any investor interested in improving their knowledge should purchase this book, a well written, step by step guide to this important market.

- Master Investor magazine,

Along the way the commentary provides everything from an insight into the history of bonds, the relationship between the yield curve and economic cycle, and classification of different bonds and their risks. He makes good use of a wide range of off-the-wall analogies to lighten what can be a dry subject. For example, his comparison of how a monkey eats a banana can provide you with a guide to calculating how much interest a bond has earned.

- Gavin Haynes, managing director of Whitechurch Securities Wealth Managers,

The bond markets can be a bewildering place - the words, the concepts and the mathematics can be mind-bogglingly confusing even to seasoned professionals. In this step-by-step guide Stewart Cowley, one of the UK's best-known bond managers, takes investors through the basics they need to know to begin investing in bonds. From compound interest, through yields calculations, how the bond markets work and how to make the most out of the bond markets, this practical, easy-to-read handbook uses spreadsheet examples combined with a wealth of experience to help you work through real-world examples of bond management.
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Stewart Cowley, one of the UK's best-known bond managers, takes investors through the basics they need to know to begin investing in bonds.
Bond Basics - Compound interest - Discounting - Pricing a bond - Conventions Yield - Simple yield - Yield to maturity Duration - Concepts - Duration and pricing Convexity - Concepts - Calculating convexity Total Return Management - Steps to calculating total return Horizon Analysis - Computing total returns over an investment horizon - Scenario analysis Yield Curves - Types of yield curve - Yield simulation and theories The passage of time in bond management - Rolling down the yield curve Using corporate bonds - Assessing the adequacy of corporate bond yields - Example of total return management using corporate bonds Bring it all together - Multi-variable total return analysis
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Produktdetaljer

ISBN
9780857196354
Publisert
2018-05-08
Utgiver
Vendor
Harriman House Publishing
Vekt
206 gr
Høyde
216 mm
Bredde
139 mm
Dybde
10 mm
Aldersnivå
00, G, 01
Språk
Product language
Engelsk
Format
Product format
Heftet
Antall sider
158

Forfatter

Om bidragsyterne

Stewart Cowley has been working in financial markets since 1987. He is one of a handful of people to have ever held a triple-A rating by Standard & Poor's and was awarded the prestigious Gold Medal for long-term investment performance by FE Trustnet. He has also been one of the UK's most visible fund managers, having written for the New Statesman, the Sunday Telegraph and Citywire. He has made frequent appearances on BBC TV and radio and Sky News. His previous books, Man vs Money and Man vs Big Data, have both been bestsellers.