[]
[]

Inside the Yield Book

The Classic That Created the Science of Bond Analysis
Homer, Sidney, 1902- (Book - 2004 )
Average Rating: 3.5 stars out of 5.
Inside the Yield Book
Print

Item Details

WILEY
First published in 1972, Inside the Yield Book revolutionized the fixed-income industry and forever altered the way investors looked at bonds. More than thirty years later, it remains a standard primer and reference among market professionals. Generations of practitioners, investors, and students have relied on its lucid explanations, and readers needing to delve more deeply have found its explication of key mathematical relationships to be unmatched in clarity and ease of application.

This edition updates the widely respected classic with new material by Martin L. Leibowitz that develops a horizon-based approach to present value and shows how these concepts can be generalized beyond bonds to become useful in the analysis of virtually any investment opportunity, including equities. Also included is a new foreword by Henry Kaufman, former vice chairman of Salomon Brothers.

Inside the Yield Book explains and makes sense of essential mathematical relationships that are basic to an understanding of bonds, annuities, loans--in fact, any securities or investments that involve compound interest and the determination of present value for future cash flows.

In an era of calculators and computers, some of these important underlying principles are not always grasped thoroughly by market participants. Investors, traders, and analysts who want to sharpen their ability to recall and apply these fundamentals will find this book the perfect concise resource. This authoritative work, now significantly expanded, is more instructive, important, and useful than ever for mastering crucial concepts of time, value, and return, and for better comprehending their role within the world of investments, in particular, and finance, in general.

Book News
Based on their experience as researchers in the investment industry, Leibowitz' and Homer's (d. 1983) 1972 book revolutionized the fixed-income industry and altered how investors look at bonds; it is here expanded by Leibowitz. The book develops a horizon-based approach to present value and shows how these concepts can be generalized beyond bonds to become useful in analyzing virtually any investment, including equities. No bibliography is provided. Annotation ©2004 Book News, Inc., Portland, OR (booknews.com)

Ingram Publishing Services

First published in 1972, "Inside the Yield Book underwent more than twenty-five printings and remains a standard among bond market professionals. Used copies sell for more than $100 online. This new edition brings the still-relevant classic back into print with a new introduction by coauthor Martin L. Leibowitz, now chief investment officer at TIAA-CREF, and a new foreword by Henry Kaufman, former vice chairman of Salomon Brothers and one of the financial community's most-successful and most-respected figures. "Inside the Yield Book takes the bond investor behind the scenes and reveals in nontechnical terms the precise nature of bond yields and the ways in which they're often misunderstood and misused. It corrects many misconceptions about bond prices and yields as calculated in the standard Yield Book, and it provides a set of tools to aid in bond investment strategy that have made it the standard reference on bond math within the field of fixed income.


Authors: Homer, Sidney, 1902-
Statement of Responsibility: Sidney Homer and Martin L. Leibowitz ; with a foreword by Henry Kaufman and two new sections by Martin L. Leibowitz
Title: Inside the yield book
the classic that created the science of bond analysis
Publisher: Princeton : Bloomberg Press, c2004
Characteristics: lxxiv, 205 p. : ill. ; 24 cm.
Bibliography: Includes bibliographical references and index
Subject Headings: Bond market Bonds United States
Topical Term: Bond market
Bonds
Additional Contributors: Leibowitz, Martin L. - 1936-
LCCN: 2004006036
ISBN: 1576601595
Branch Call Number: FINANCE 332.6323 H
MARC Display»

Opinion

From the critics


Community Activity

Comment

Add a Comment

There are no comments for this title yet.

Age

Add Age Suitability

There are no ages for this title yet.

Summary

Add a Summary

There are no summaries for this title yet.

Notices

Add a Notice

There are no notices for this title yet.

Quotes

Add a Quote

There are no quotes for this title yet.

Videos

Add a Video

There are no videos for this title yet.

Find it at NYPL

  Loading...

Buy It Now

Support your library, keep it forever!

View Purchase Options Learn more about this program

Your Cart

Hello! We noticed you have the following items in your cart right now:

If you'd still like to purchase the items you have in your cart, you can do that now.

You'll be able to purchase your eBook after you have checked out your current cart.

Inside the Yield Book
Homer, Sidney, 1902-
Inside the Yield Book

To continue with your eBook purchase immediately, you can clear your cart by clicking below.

All items will be removed from your cart.


I'd like to keep browsing! I'll decide later.

Explore Further


Browse the Shelf

Subject Headings


Recommendations

  Loading...

Powered by BiblioCommons.
app03 Version tobio (tobio) Last updated 2014/09/24 12:25