This is a book for practitioners and definitely a good read for newcomers to the business of taking risk. Lots of helpful examples to illustrate the issues facing bond managers, and lots of good pointers to further research. Definitely one for the corporate book shelf.
Concepts such as carry, roll, and rich-cheap are explained in simple terms and excellent examples highlight current examples and offer paths to future success.
The discussion of an integrated approach to generating your own view on the markets is critically useful to all asset managers and strategists.
It provides basic for various topics: bond pricing, college level economics (macroecon), physcho, ...
BUT neither is specific and in-depth.
About the AuthorTAMARA MAST HENDERSON is a senior fixed income strategist for a leading provider of independent research and market analysis, responsible for European sovereign debt. Ahead of this, Dr. Henderson was deputy head of the International Monetary Fund's Investment Unit, responsible for the management of $11 million in trust funds. Henderson has also worked as an economist for the US Department of Commerce, IMF and Salomon Smith Barney. She has a B.A. in Foreign Affairs and Economics from the University of Virginia, and a M.A. and Ph.D. in Economics from Claremont Graduate University.
Download:http://rapidshare.com/files/191139450/Fixed_Income_Strategy_www.dl4all.com.pdf
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