FREE SHIPPING BOTH WAYS
ON EVERY ORDER!
LIST PRICE:
$34.95

Sorry, this item is currently unavailable.

Strategic Bond Investor : Strategies and Tools to Unlock the Power of the Bond Market

ISBN: 9780071387071 | 0071387072
Edition: 1st
Format: Hardcover
Publisher: McGraw-Hill
Pub. Date: 6/14/2002

Why Rent from Knetbooks?

Because Knetbooks knows college students. Our rental program is designed to save you time and money. Whether you need a textbook for a semester, quarter or even a summer session, we have an option for you. Simply select a rental period, enter your information and your book will be on its way!

Top 5 reasons to order all your textbooks from Knetbooks:

  • We have the lowest prices on thousands of popular textbooks
  • Free shipping both ways on ALL orders
  • Most orders ship within 48 hours
  • Need your book longer than expected? Extending your rental is simple
  • Our customer support team is always here to help
SummaryTable of ContentsAuthor Biography
A dynamic, equity-style approach to investing in today's bond market"Tony Crescenzi knows bonds and his book proves it. From 'Fedspeak' to Treasury buybacks,The Strategic Bond Investorhelps to explain the mysteries of the bond market and even offers tips on how to forecast interest rates. Sign me upI can always learn something new!"Bill Gross, Managing Director at Pacific Investment Management CompanyBond investing can be every bit as exciting and profitable as "playing the stock market."The Strategic Bond Investoris the first book to approach fixed-income investing from an equity-style perspective. This fast-paced book provides readers with helpful tips, tools, and strategies for tracking market sentiment, spotting market extremes, analyzing volume and liquidity, and dozens of other techniques that wereup until nowlimited primarily to the equity markets.The Strategic Bond Investorreveals a dramatic new approach for using bonds to balance portfolios while grabbing profit opportunities as they present themselves. It represents a new style of bond investing, bold yet risk-conscious, that is long overdue for today's transformed market environment. Investors looking to diversify their portfolios will discover: Key economic releases and how they influence bond prices Popular fixed-income portfolio management strategies Best-performing bonds in a variety of economic circumstances
The Importance of the Bond Market
1(16)
The Bond Market Is the Dog That Wags the Tail
2(1)
The Bond Market Is Where Inte... MORE
2(2)
Interest Rates Affect Personal Finances
4(2)
Credit Cards
6(1)
The Profound Impact of Interest Rates on the Stock Market
7(3)
The Bond Market's Impact on the Economy
10(1)
The Bond Market's Impact on the Interest-Rate-Sensitive Sectors of the Economy
11(2)
Why the Performance of the Economy Is Important to You
13(1)
The Bond Market Impacts the Formation of Capital
14(1)
The Bond Market and Politics
15(1)
Summary
16(1)
The Composition and Characteristics of the Bond Market
17(36)
Bonds That Helped Save the World
18(1)
Today's Bond Market
19(1)
Specialization in the Bond Market
19(1)
Primary Dealers Facilitate Efficiency in the Bond Market
20(3)
The Bond Market's Size, from Head to Toe
23(1)
There's No Bigger Market
24(1)
Sizing Up the Market
25(19)
Liquidity: A Measure of the Vibrancy, Depth, and Efficiency of Market
44(3)
Market Depth
47(1)
Price Transparency
48(2)
Summary
50(3)
Bond Basics: Building Blocks and Warning Labels
53(16)
Bonds: What Are They?
55(2)
The Indenture: The Contract between the Bond Issuer and the Bondholder
57(1)
Coupon Rate: Not for Clipping Anymore
58(1)
Call and Refunding Provisions: A Call Bond Investors Would Rather Not Take
59(1)
Yield-to-Call and Yield-to-Worst: Important Footnotes
59(1)
Put Provision
60(1)
Current Yield
61(1)
Yield-to-Maturity: Not Necessarily
61(2)
Accrued Interest
63(1)
Basis Points: Bond Lingo
63(1)
Duration: A Key Gauge of a Bond's Price Volatility
64(3)
Summary
67(2)
Types of Bonds
69(24)
U.S. Treasuries
70(7)
Corporate Bonds
77(4)
Government Agency Securities
81(4)
Mortgage-Backed Securities
85(3)
Municipal Bonds
88(3)
Holders of Fixed-Income Securities
91(1)
Summary
91(2)
Risks Facing Today's Bond Investors: Beware but Be Not Afraid
93(22)
Market, or Interest Rate, Risk
94(2)
Reinvestment Risk
96(2)
Event Risk
98(6)
Sector Risk
104(1)
Call or Prepayment Risk
105(2)
Liquidity Risk
107(1)
Credit or Default Risk
108(1)
Yield Curve Risk
109(1)
Inflation Risk
110(1)
Currency Risk
111(1)
Hedge Risk
111(1)
Odd-Lot Risk
112(1)
Summary
113(2)
Don't Fight the Fed: The Powerful Role of the Federal Reserve
115(32)
The Fed's Raison d'Etre: Financial Stability across the Land
116(1)
From the Mint to the Grocery Store: How the Fed Affects the Economy
117(1)
Take a Closer Look at the Buck
118(1)
How Monetary Policy Changes Affect the Economy
119(2)
The Fed Affects More Than Just Interest Rates
121(4)
Structure of the Fed
125(1)
FOMC Meetings: The Great Debate
126(3)
The Fed's Impact on the Bond Market: Resounding
129(6)
Don't Fight the Fed: Follow It
135(3)
Trust the Fed
138(3)
The Art of Fed Watching
141(4)
Summary
145(2)
The Yield Curve: The Bond Market's Crystal Ball
147(22)
Three Reasons to Follow the Yield Curve
149(2)
A Crystal Ball Indeed
151(3)
Three Main Reasons the Treasury Yield Curve Gets the Most Attention
154(2)
Traditional Explanations for the Shape of the Yield Curve
156(1)
The 10 Biggest Factors That Affect the Shape of the Yield Curve
157(9)
Summary
166(3)
Real Yields: Where Real Messages Can Be Found
169(16)
Historical Perspective on Real Yields
170(4)
Factors That Cause Real Yields to Fluctuate
174(5)
Three Risks of Using Real Interest Rates as Indicators of Future Economic Performance
179(2)
When Negative Real Interest Rates Are Necessary
181(1)
Summary
182(3)
The Five Tenets of Successful Interest Rate Forecasting
185(34)
The Five Core Elements of Successful Interest Rate Forecasting
186(1)
Monetary Policy: Fed Talk Abounds
187(5)
Inflation Expectations: A Worry in Constant Flux
192(6)
The Pace of Economic Growth: How Much Is Too Much?
198(4)
Secular versus Cyclical Influences: Know the Force That's with You
202(5)
The Market's Technical Condition: Fundamentally Important in Forecasting Interest Rates
207(1)
Key Technical Factors That Influence the Bond Market
208(6)
Technical Analysis
214(4)
Summary and Conclusion
218(1)
From Tulips to Treasuries: Tracking Market Sentiment to Forecast Market Behavior
219(22)
The Bond Market Goes to Extremes Too
222(1)
Is the Market Long or Short? The Answer Could Determine Your Next Trade
223(1)
For Extreme Market Sentiment to Reverse, Catalysts Often Are Needed
224(1)
The Put/Call Ratio
225(4)
The Commodity Futures Trading Commission's Commitment of Traders Report
229(2)
Aggregate Duration Surveys
231(3)
The Spread between 2-Year T-notes and the Federal Funds Rate
234(3)
Other Useful Indicators of Sentiment
237(1)
Summary
238(3)
Using the Futures Market to Gather Market Intelligence
241(16)
Futures Provide Significant Market Information
242(13)
Summary
255(2)
Credit Ratings: An Essential Tool for Bond Investors
257(20)
The Ratings Cut an Investor's Risk
258(1)
The Rating Agencies
259(2)
The Ratings System
261(1)
The Ratings Categories
262(4)
How Credit Ratings Affect a Bond's Yield
266(2)
The Impact of Ratings Announcements
268(1)
How Credit Ratings Affect Liquidity, Quote Depth, and Bid-Ask Spreads
269(1)
Methodology Used to Determine Rating Assignments
269(5)
Credit Ratings: A Must-Have for Every Fixed-Income Toolbox
274(1)
Summary
274(3)
The Internet: The Bond Market Finally Gets a Marketplace of Its Own
277(16)
Bonds Are Already the Biggest Thing on the Web
278(1)
Electronic Trading
278(6)
Increased Market Transparency
284(1)
Increased Availability of Market Information and Research
285(2)
Underwriting and Bond Issuance
287(2)
Added Convenience and Reduced Cost of Purchasing Treasuries and U.S. Savings Bonds
289(2)
Summary
291(2)
How Interest Rates Have Shaped the Political Landscape
293(18)
Economic Issues Have Been Core Political Issues since the Revolution
294(1)
The Great Depression Sparked a Sea Change in Politics
295(2)
Interest Rates and Politics in the Modern Era
297(12)
Summary
309(2)
Utilizing Economic Data to Improve Your Investment Performance
311(10)
Forecasting Economic Data: Numbers Do Not Lie
314(2)
Be Flexible: Investors Change Their Focus Often
316(1)
Learn the Survey Methodologies to Enhance Your Forecasting Abilities
317(1)
Summary
318(3)
Appendix Handbook of Economic Data: Power Tool for Investors321(64)
Business Inventories
321(2)
Chicago Purchasing Managers Index
323(2)
Construction Spending
325(2)
Consumer Confidence Index
327(2)
Consumer Credit
329(3)
Consumer Price Index
332(2)
University of Michigan Consumer Sentiment Index
334(2)
Durable Goods Orders
336(3)
Employment Situation
339(3)
Employment Cost Index
342(4)
Existing Home Sales
346(2)
Factory Orders
348(2)
Gross Domestic Product
350(4)
Housing Starts
354(2)
Industrial Production and Capacity Utilization
356(2)
Initial Jobless Claims
358(3)
Index of Leading Economic Indicators
361(2)
Institute for Supply Management Report on Business
363(2)
Institute for Supply Management Nonmanufacturing Index
365(2)
New Home Sales
367(3)
Personal Income and Consumption
370(2)
Philadelphia Fed's Business Outlook Survey
372(2)
Producer Price Index
374(2)
Productivity and Costs
376(3)
Retail Sales
379(2)
U.S. Trade Balance
381(4)
Index385

Anthony Crescenzi is chief bond market strategist at Miller Tabak & Co., and founder and daily market analyst of Bondtalk.com. Widely respected by the nation's top institutional investors, Crescenzi is one of today's most visible and influential bond market commentators. He makes frequent appearances on CNBC, CNNfn, and Bloomberg Television and is regularly quoted in The Wall Street Journal, Barron's, The New York Times, and other national periodicals.

Related Products


  • The Strategic Bond Investor: Strategies and Tools to Unlock the Power of the Bond Market
    The Strategic Bond Investor: S...


Please wait while this item is added to your cart...