Fixed Income Securities

Fixed income securities are examined and investment features of each security are described in this book for investors and financial professionals who need to understand the characteristics of fixed income securities and the bond market. While the bulk of the book is devoted to the securities themselves, there is also an explanation of how securities are valued, yield and yield measures, interest rate risk measures, tax treatment, collateralized borrowing, and an overview of fixed income portfolio management and strategies. Fabozzi is editor of the Journal of Portfolio Management and teaches finance at Yale University. Annotation c. Book News, Inc., Portland, OR (booknews.com)