Bond Math by Donald J. Smith
The Theory Behind the Formulas (Wiley Finance)

No critic rating

Waiting for minimum critic reviews

See Reader Rating


A guide to the theory behind bond math formulas

Bond Math explores the ideas and assumptions behind commonly used statistics on risk and return for individual bonds and on fixed income portfolios. But this book is much more than a series of formulas and calculations; the emphasis is on how to think about and use bond math.

Author Donald J. Smith, a professor at Boston University and an experienced executive trainer, covers in detail money market rates, periodicity conversions, bond yields to maturity and horizon yields, the implied probability of default, after-tax rates of return, implied forward and spot rates, and duration and convexity. These calculations are used on traditional fixed-rate and zero-coupon bonds, as well as floating-rate notes, inflation-indexed securities, and interest rate swaps.Puts bond math in perspective through discussions of bond portfolios and investment strategies.Critiques the Bloomberg Yield Analysis (YA) page, indicating which numbers provide reliable information for making decisions about bonds, which are meaningless data, and which can be very misleading to investorsFilled with thought-provoking insights and practical advice, this book puts the intricacies of bond math into a clear and logical order.


About Donald J. Smith

See more books from this Author
Donald J. Smith is an award-winning professor at Boston University, where he teaches graduate-level courses on fixed income markets, as well as executive education courses. Professor Smith also consults to commercial and investment banks, financial firms, and law firms. He has written numerous articles for various academic and professional journals, and received his MBA and PhD from the University of California, Berkeley.
Published July 26, 2011 by Wiley Finance. 288 pages
Genres: Business & Economics, Professional & Technical. Non-fiction

Reader Rating for Bond Math

An aggregated and normalized score based on 9 user ratings from iDreamBooks & iTunes

Rate this book!

Add Review