{"product_id":"strategic-fixed-income-investing-an-insiders-perspective-on-bond-markets-analysis-and-portfolio-management-hardback-9781118422939","title":"Strategic Fixed Income Investing; An Insider's Perspective on Bond Markets, Analysis, and Portfolio Management (Hardback) 9781118422939","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eStrategic Fixed Income Investing\u003c\/font\u003e\u003cbr\u003e\r\n\u003cfont size=\"5\"\u003eAn Insider's Perspective on Bond Markets, Analysis, and Portfolio Management\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eSean P. Simko (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9781118422939, Wiley\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eHardback, published 15 February 2013\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e208 pages\u003cbr\u003e23.6 x 16 x 2.1 cm, 0.386 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003e\u003cb\u003eBuild a fixed income portfolio that will weather volatility and instability\u003c\/b\u003e  \u003cp\u003eDesigning a fixed income portfolio is an essential skill of any investment manager or advisor. This book outlines the critical components to successfully navigate through stable and turbulent markets, using real-life lessons from a seasoned institutional asset manager. The first section includes commentary on the changing fixed income market and overall economy, while the second section outlines the processes to navigate these ever-evolving markets including portfolio construction, the Federal Reserve, credit analysis and trade execution. Ladder Methodology is highlighted and the book discusses its pros and cons, gives examples of both well-constructed and poorly executed laddered bond portfolios and offers alternatives to traditional asset classes.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eBenefit from lessons learned, providing real life examples of market scenarios and trades\u003c\/li\u003e \u003cli\u003ePrepare fixed income portfolios that can weather any storm\u003c\/li\u003e \u003cli\u003eWritten by Sean P. Simko, an expert on fixed income investing, who shares his investing experiences from the past 16 years\u003c\/li\u003e \u003cli\u003eOutlines the key principles of the Ladder strategy\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eFrom strategy to execution, \u003ci\u003eStrategic Fixed Income Investing\u003c\/i\u003e offers the road map to help investment managers prepare portfolios that will insulate investments against adverse market conditions.\u003c\/p\u003e\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e\u003cp\u003ePreface xi\u003c\/p\u003e \u003cp\u003eAcknowledgments xiii\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart One The Investing Environment 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 Expect the Unexpected 3\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Model Has Changed 4\u003c\/p\u003e \u003cp\u003eLessons Learned 4\u003c\/p\u003e \u003cp\u003eFrom Bad to Worse 5\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 Navigating through Troubled Water 7\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDebt Ceiling 8\u003c\/p\u003e \u003cp\u003eTriple A: Lost, but Not Forgotten 8\u003c\/p\u003e \u003cp\u003ePossible, but Not Probable, Consequences 9\u003c\/p\u003e \u003cp\u003eWarning Signs 12\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 Lessons Learned 15\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePatterns Emerge 16\u003c\/p\u003e \u003cp\u003eMoney Markets 18\u003c\/p\u003e \u003cp\u003eTreasury Bills, the Favored Asset Class 20\u003c\/p\u003e \u003cp\u003eMunicipals Felt the Pain as Well 25\u003c\/p\u003e \u003cp\u003eAuction-Rate Markets Were Hit Hard 27\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 Direction in a Sometimes Directionless Market 29\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFinding Direction 30\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Two The Fixed Income Investor 35\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Define the End Investor 37\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRisk 40\u003c\/p\u003e \u003cp\u003eRisk-Averse Investor 42\u003c\/p\u003e \u003cp\u003eA Problematic Trade? 43\u003c\/p\u003e \u003cp\u003eRisk-Taking Investor 44\u003c\/p\u003e \u003cp\u003eDefine Your Strategy 45\u003c\/p\u003e \u003cp\u003eActive Strategy 47\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Portfolio Construction 49\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFactor 1: Defining Your Risk 50\u003c\/p\u003e \u003cp\u003eFactor 2: Aligning Goals 51\u003c\/p\u003e \u003cp\u003eConservative Strategy 54\u003c\/p\u003e \u003cp\u003eModerate Strategy 56\u003c\/p\u003e \u003cp\u003eMore Aggressive Strategy 56\u003c\/p\u003e \u003cp\u003eFactor 3: Portfolio Analysis 59\u003c\/p\u003e \u003cp\u003eReduction of Credit Risk 62\u003c\/p\u003e \u003cp\u003eGovernment Securities 64\u003c\/p\u003e \u003cp\u003eRisks to Consider 65\u003c\/p\u003e \u003cp\u003eBottom Line 69\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 Asset Allocation 71\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Road Map 72\u003c\/p\u003e \u003cp\u003eGoing Global 76\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 The Federal Reserve and Central Banks 81\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eHawks and Doves 82\u003c\/p\u003e \u003cp\u003eThe Fed Funds Rate 82\u003c\/p\u003e \u003cp\u003eA Short-Term Fixed Income Investor 83\u003c\/p\u003e \u003cp\u003eHooked on Accommodation 83\u003c\/p\u003e \u003cp\u003eDeposits with Central Banks 84\u003c\/p\u003e \u003cp\u003eWhat about the United States? 86\u003c\/p\u003e \u003cp\u003eFOMC: Look for Clues from the Fed Statement 88\u003c\/p\u003e \u003cp\u003eWhat to Look For from the Fed Clues? 88\u003c\/p\u003e \u003cp\u003eFOMC Statement: August 2011 89\u003c\/p\u003e \u003cp\u003eQE or Not QE 92\u003c\/p\u003e \u003cp\u003eCalming Statements for Investors 93\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 The Economy and the Markets 95\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Payroll Picture: The Backbone to the Economy 97\u003c\/p\u003e \u003cp\u003eBureau of Labor Statistics Website 97\u003c\/p\u003e \u003cp\u003eInflation: A Fixed Income Investor’s Enemy 103\u003c\/p\u003e \u003cp\u003eConsumption: America’s Fuel 109\u003c\/p\u003e \u003cp\u003eThe Federal Chairman: The Wizard Himself 110\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 The Yield Curve 111\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Spread 115\u003c\/p\u003e \u003cp\u003eThe Money Market Arena 116\u003c\/p\u003e \u003cp\u003eThe Direction of Rates 118\u003c\/p\u003e \u003cp\u003eA Steep Yield Curve 119\u003c\/p\u003e \u003cp\u003eA Flat Yield Curve 120\u003c\/p\u003e \u003cp\u003eAn Inverted Yield Curve 121\u003c\/p\u003e \u003cp\u003eListen to the Curve 123\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11 The Ladder and Why You Need One 125\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eHow It Works 126\u003c\/p\u003e \u003cp\u003eThe Concept 126\u003c\/p\u003e \u003cp\u003eThe Goal 129\u003c\/p\u003e \u003cp\u003eThe Long End Poses Challenges 131\u003c\/p\u003e \u003cp\u003eThe Front End Is Technical 133\u003c\/p\u003e \u003cp\u003eVarieties of Short-Term Strategies 133\u003c\/p\u003e \u003cp\u003eThe Sweet Spot 134\u003c\/p\u003e \u003cp\u003eLiquidity 134\u003c\/p\u003e \u003cp\u003eConsistent Coupons 137\u003c\/p\u003e \u003cp\u003eWhy Is Supply Important? 138\u003c\/p\u003e \u003cp\u003ePerformance and How to Measure It 140\u003c\/p\u003e \u003cp\u003eLow-Turnover Dilemma 141\u003c\/p\u003e \u003cp\u003eSuccess of a Strategy 142\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12 Alternatives to a Traditional Ladder Strategy 145\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eTIPS: The Other Treasury 147\u003c\/p\u003e \u003cp\u003eBreak-Even Opportunity 148\u003c\/p\u003e \u003cp\u003eConsider MBS Pools of Mortgages 150\u003c\/p\u003e \u003cp\u003eConsider Corporate Bonds 151\u003c\/p\u003e \u003cp\u003eFloating-Rate Notes 153\u003c\/p\u003e \u003cp\u003eWhat Is LIBOR? 154\u003c\/p\u003e \u003cp\u003eA Deeper Look at LIBOR 154\u003c\/p\u003e \u003cp\u003eThe Bottoming Process 156\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 13 Credit Analysis 159\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Agency 159\u003c\/p\u003e \u003cp\u003eCredit Analysis: Necessary, Not Optional 160\u003c\/p\u003e \u003cp\u003eCredit for a Passive Strategy 161\u003c\/p\u003e \u003cp\u003eAfter the Initial Approval 163\u003c\/p\u003e \u003cp\u003eNot All Bonds Are Equal 164\u003c\/p\u003e \u003cp\u003eStay Ahead of the Herd 166\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 14 The Four Pillars of Trade Execution 169\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe First Pillar: Executed Price 171\u003c\/p\u003e \u003cp\u003eThe Second Pillar: Dealer Inquiries 173\u003c\/p\u003e \u003cp\u003eThe Third Pillar: Liquidity 174\u003c\/p\u003e \u003cp\u003eThe Fourth Pillar: Ease of Transaction 174\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 15 There Are No Roadblocks, Just Detours 177\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eKnow What You Own 177\u003c\/p\u003e \u003cp\u003eBanking Sector 178\u003c\/p\u003e \u003cp\u003eGo with Your Gut! 179\u003c\/p\u003e \u003cp\u003eDon’t Take It Personally 181\u003c\/p\u003e \u003cp\u003eTrapped in Purgatory 182\u003c\/p\u003e \u003cp\u003eIndex 185\u003c\/p\u003e\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Finance \u0026amp; accounting [\u003ca title=\"See our other books on Finance \u0026amp; accounting\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Finance%20\u0026amp;%20accounting%20%5BKF%5D%22\"\u003eKF\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Wiley","offers":[{"title":"Brand New","offer_id":52165916393752,"sku":"9781118422939","price":42.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/files\/9781118422939_265835.jpg?v=1781101822","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/strategic-fixed-income-investing-an-insiders-perspective-on-bond-markets-analysis-and-portfolio-management-hardback-9781118422939","provider":"Freshly Printed Books","version":"1.0","type":"link"}