Fixed income practitioners need to understand the conceptual frameworks of their field; to master its quantitative tool-kit; and to be well-versed in its cash-flow and pricing conventions. Fixed Income Securities, Third Edition by Bruce Tuckman and Angel Serrat is designed to balance these three objectives. The book presents theory without unnecessary abstraction; quantitative techniques with a minimum of mathematics; and conventions at a useful level of detail. 
The book begins with an overview of global fixed income markets and continues with the fundamentals, namely, arbitrage pricing, interest rates, risk metrics, and term structure models to price contingent claims. Subsequent chapters cover individual markets and securities: repo, rate and bond forwards and futures, interest rate and basis swaps, credit markets, fixed income options, and mortgage-backed-securities. Fixed Income Securities, Third Edition is full of examples, applications, and case studies. Practically every quantitative concept is illustrated through real market data. This practice-oriented approach makes the book particularly useful for the working professional. This third edition is a considerable revision and expansion of the second. Most examples have been updated. The chapters on fixed income options and mortgage-backed securities have been considerably expanded to include a broader range of securities and valuation methodologies. Also, three new chapters have been added: the global overview of fixed income markets; a chapter on corporate bonds and credit default swaps; and a chapter on discounting with bases, which is the foundation for the relatively recent practice of discounting swap cash flows with curves based on money market rates. [FOR THE UNIVERSITY EDITION] This university edition includes problems which students can use to test and enhance their understanding of the text.

Fixed Income Securities: Tools for Today's Markets

Business & Money

Tuckman, Bruce

Serrat, Angel

Finance

John Wiley&Sons, Inc.

Fixed income practitioners need to understand the conceptual frameworks of their field; to master its quantitative tool-kit; and to be well-versed in its cash-flow and pricing conventions. Fixed Income Securities, Third Edition by Bruce Tuckman and Angel Serrat is designed to balance these three objectives. The book presents theory without unnecessary abstraction; quantitative techniques with a minimum of mathematics; and conventions at a useful level of detail. 
The book begins with an overview of global fixed income markets and continues with the fundamentals, namely, arbitrage pricing, interest rates, risk metrics, and term structure models to price contingent claims. Subsequent chapters cover individual markets and securities: repo, rate and bond forwards and futures, interest rate and basis swaps, credit markets, fixed income options, and mortgage-backed-securities. Fixed Income Securities, Third Edition is full of examples, applications, and case studies. Practically every quantitative concept is illustrated through real market data. This practice-oriented approach makes the book particularly useful for the working professional. This third edition is a considerable revision and expansion of the second. Most examples have been updated. The chapters on fixed income options and mortgage-backed securities have been considerably expanded to include a broader range of securities and valuation methodologies. Also, three new chapters have been added: the global overview of fixed income markets; a chapter on corporate bonds and credit default swaps; and a chapter on discounting with bases, which is the foundation for the relatively recent practice of discounting swap cash flows with curves based on money market rates. This university edition includes problems which students can use to test and enhance their understanding of the text.

Fixed Income Securities: Tools for Today's Markets, University Edition

wiley

Praise for Fixed Income Securities, Second Edition "What distinguishes this book from many others on the subject is that Tuckman has skillfully combined intuitive rationale with mathematical analysis to give readers a clear and deep understanding of the market. Tuckman has written a comprehensive reference book that should be found on the desks of both seasoned practitioners and novices alike." Gerald Lucas, Senior Government Strategist, Director, Global Securities Research, Merrill Lynch "This outstanding book offers a well-written and clear tutorial for many of the cutting-edge analytical techniques and models used in practice. Combines a wealth of institutional knowledge, practical tools, and realistic examples, while giving a clear understanding of the underlying theory." Francis Longstaff, Professor of Finance, The Anderson School at UCLA "An excellent reference for anyone intending to bridge the gap between financial mathematics theory and the practice of financial markets." Marek Musiela, BNP Paribas "This is an extremely readable book with a balance between technical detail and practical application. Unlike other books in the area, thorough and tightly knit chapters reflect Tuckman s unique background as a well-respected academic and market participant." Tony D. Kao, Managing Director, Global Fixed Income GM Asset Management

Fixed Income Securities: Tools for Today's Markets (Wiley Finance Series)

Economics

John Wiley&Sons

Includes a series of end-of-chapter questions for students. * Explains the subtleties of fixed income mathematics. * Discusses multi-factor interest rate models and offers four original case studies. * Covers the latest fixed income securities valuation models and techniques, and their application in real world situations.

Fixed Income Securities: Tools for Today's Markets (Wiley Finance)

A volatile new breed of fixed income securities have taken the market by storm over the past few years. Offering profit-hungry money managers and institutional investors the promise of far greater rewards than traditional fixed securities, these fickle instruments also entail far greater risk. Due, in great part, to the sometimes violent ways in which these new fixed securities respond to changes in interest rates, old imprecise rules of thumb that worked so well in traditional markets only lead to disaster when applied to the likes of forward contracts, floating rate bonds, inverse floaters, IOs, interest rate swaps, and swaptions. Of course researchers have developed sophisticated tools for analyzing and applying these new instruments, but most of these, unfortunately, are over the heads of average practitioners . . . or are they? 
In this highly readable, applications-oriented guide to one of today's hottest financial topics, Bruce Tuckman clearly, methodically, and with a bare minimum of difficult math, describes today's vast and growing array of new fixed income securities and schools you in cutting-edge techniques for fixed income application and risk control. Using easy-to-follow charts and tables that simplify the most complex subject matter, he walks you through the basic principles and procedures used in pricing today's fixed income choices—from securities and fixed cash flows to embedded options in corporate bonds and mortgage-backed securities. Working in a methodical, step-wise fashion, Tuckman begins with an in-depth review of the basic concepts and tools for traditional fixed income securities. From there he introduces modern arbitrage-free techniques for pricing more complex fixed income securities and their derivatives. He next acquaints readers with measures of price sensitivity crucial to portfolio risk assessment, asset/liability management, and hedging. And finally, by focusing in turn on futures, floaters, swaps, corporates, and mortgages, he clearly illustrates how to apply the ideas and tools developed in the rest of the book. The most timely, practical, and, above all, the most accessible guide to the subject now available, Fixed Income Securities is a must read for all fixed income professionals, institutional investors, money managers, financial analysts, traders, and other financial professionals. The practical and accessible guide to today's new wave of fixed income tools and products In the most practical and accessible guide written on the subject, Bruce Tuckman schools readers in an array of cutting-edge techniques for mastering today's challenging fixed income markets. Using easy-to-follow charts and tables that simplify even the most complex subject matter, Tuckman clearly describes the new generation of models for pricing and hedging and applies them to a wide range of fixed income securities—futures, swaps, mortgage strips, and more. "A wonderful mix of academic theory and institutional practice. This is essential reading for any thinking person with an eye towards a successful career in the fixed income financial markets." —Mark Grinblatt Assoc. Professor of Finance Anderson Graduate School of Management, UCLA Member, Board of Directors Salomon Swapco, Inc. "Tuckman combines intuition with precision in this first rate presentation of fixed income securities." —William Silber, Professor Leonard N. Stern School of Business New York University "This book not only presents a firm theoretical basis for understanding and valuing bonds, it also presents a framework that is rich enough to capture the institutional details that make debt markets so fascinating. This book should be read by both practitioners and academics with an interest in debt instruments." —Martin J. Gruber Nomura Professor of Finance Leonard N. Stern School of Business New York University "Tuckman manages to simplify the complex in this well-written book. I recommend this book to anyone studying the valuation of fixed income securities." —John D. Finnerty McFarland, Dewey &amp; Co. Editor, Financial Management

A practical guide to today's new wave of fixed income tools and products 
In the most accessible guide written on the subject, Bruce Tuckman schools readers in an array of cutting-edge techniques for mastering today's challenging fixed income markets. Using easy-to-follow charts and tables that simplify even the most complex subject matter, Tuckman clearly describes the new generation of models for pricing and hedging and applies them to a wide range of fixed income securities—futures, swaps, mortgage strips, and more. "A wonderful mix of academic theory and institutional practice. This is essential reading for any thinking person with an eye towards a successful career in the fixed income financial markets." — Mark Grinblatt, Assoc. Professor of Finance Anderson Graduate School of Management, UCLA Member, Board of Directors, Salomon Swapco, Inc. "Tuckman combines intuition with precision in this first rate presentation of fixed income securities." — William Silber, Professor, Leonard N. Stern School of Business New York University "This book not only presents a firm theoretical basis for understanding and valuing bonds, it also presents a framework that is rich enough to capture the institutional details that make debt markets so fascinating. This book should be read by both practitioners and academics with an interest in debt instruments." — Martin J. Gruber, Nomura Professor of Finance Leonard N. Stern School of Business New York University

Fixed Income Securities: Tools for Today's Markets (Wiley Frontiers in Finance)

Presenting the most advanced thinking on the topic, this book covers the latest valuation models and techniques. It addresses essential topics such as the subtleties of fixed-income mathematics, new approaches to modeling term structures, and the applications of fixed-income valuation on credit risk, mortgages, munis, and indexed bonds.

Advanced Fixed-Income Valuation Tools

Jegadeesh, Narasimhan

This comprehensive educational psychology book blends a strong scholarly and theoretical background with the application of theories and concepts using real-world examples, case studies, and practical teaching strategies. The book's innovative pedagogical program is anchored by a cohesive learning objective system integrated throughout each chapter, which guides readers and reinforces their understanding of concepts. A unique "Think It Over" feature asks readers to reflect on important topics as both a student of psychology and a future classroom teacher. Video Cases, introduced in the book and available to view on the book's Companion Website, provide a firsthand look at real-world applications and best practices. Among the other distinctive aspects of the book is an entire chapter on group process.

Educational Psychology (Available Titles CourseMate)

Education & Teaching

Monetti, David

Schools & Teaching

Cengage Learning'

For the others, it may have been a race, but for Brad Townes it was a quest for salvation. He had run all the way from death's door and he had lost everything along the way. In the final mile, he had nothing left to lose except the race. You'll find your heart racing right along with the protagonist in this compelling story, beautifully told by a veteran runner.  The grand daddy of all marathons is the backdrop for this exciting story, with the chapters taking you right through the Great Race itself: Brookline to Hopkinton, Hayden Rowe Street, Hopkinton to Ashland to Framingham, Framingham to Natick, Natick to Wellesley, Wellesley to Newton Falls, The Newton Hills, Brookline, and finally Boston. When you finish, you'll feel as if you'd just run the race alongside Bradley Townes!  The scene shifts back and forth from the heat of the race to Bradley's secret past and the reasons for his impossible quest.   Tuckman's narrative keeps you right on the edge of your seat during the entire story. We've heard from some readers who said this book kept them reading all night, others who reported themselves in tears at the end.  Reading this book is a great way to prepare mentally and spiritually to run Boston.

Long Road to Boston

Sports & Outdoors

Individual Sports

Cedarwinds Pub Co

Bundle: Educational Psychology + Premium Web Site with InfoTrac Printed Access Card + CengageNOW, eBook, InfoTrac Printed Access Card

Wadsworth Publishing

See the best price to sell, buy, or rent books by Tuckman, Bruce. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Books by Tuckman, Bruce

See the best price to sell, buy, or rent books by Tuckman, Bruce. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Fixed Income Securities: Tools for Today's Markets

Fixed Income Securities: Tools for Today's Markets, University Edition

Fixed Income Securities: Tools for Today's Markets (Wiley Finance Series)

Fixed Income Securities: Tools for Today's Markets (Wiley Finance)

Fixed Income Securities: Tools for Today's Markets (Wiley Finance)

Fixed Income Securities: Tools for Today's Markets (Wiley Frontiers in Finance)

Advanced Fixed-Income Valuation Tools

Educational Psychology (Available Titles CourseMate)

Long Road to Boston

Bundle: Educational Psychology + Premium Web Site with InfoTrac Printed Access Card + CengageNOW, eBook, InfoTrac Printed Access Card