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    Bond Book Everything Investors Need to Know about Treasuries, Municipals, GNMAs, Corporates, Zeros, Bond Funds, Money Market Funds, and More

    ISBN-10: 007166470X
    ISBN-13: 9780071664707
    Author(s): Annette Thau
    List price: $35.00
    Buy it from: $25.44
    This item will ship on Monday, December 22 .

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    List Price: $35.00
    Edition: 3rd
    Publisher: McGraw-Hill Companies, The
    Binding: Hardcover
    Pages: 400
    Size: 6.25" wide x 9.25" long x 1.50" tall
    Weight: 2.178
    Language: English

    Annette Thau, Ph.D. is a former municipal bond analyst for Chase Manhattan Bank and visiting scholar at the Columbia University Graduate School of Business. She earned her Ph.D. from Columbia and has received numerous awards, including a Woodrow Wilson Fellowship, a National Endowment for the Humanities Fellowship for Younger Humanists, and University Fellowships from Columbia University.

    Preface
    Acknowledgments
    The Basic Basics
    The Life of a Bond
    First, What Is a Bond?
    How Bonds Are Issued and Traded
    Key Terms for Bonds
    The Bond Market: An Overview
    The Bond Market: An Overview
    Bond Pricing: Markups and Commissions
    How Bonds Are Sold: Dealers, Brokers, and Electronic Platforms
    Terms Used in Buying, Selling, and Discussing Bonds
    Volatility: Why Bond Prices Go Up and Down
    Interest Rate Risk, or a Tale of Principal Risk
    Credit Ratings: How Credit Quality Affects the Value of Your Bonds
    A Short History of Interest Rates
    The Federal Reserve and Interest Rates
    Summary
    How Much Will I Earn, or Basic Bond Math
    Bond Cash Flows
    The Many Meanings of Yield
    Total Return
    Duration and Bond Price Volatility
    Summary
    What You Need to Know before Buying Bonds
    The Bond Market in the Financial Press and on the Internet
    The Treasury Market
    "Yield Spreads" and Benchmarks
    Investinginbonds.com, FINRA.org/marketdata and EMMA.msrb.org
    Summary
    Individual Securities
    Treasuries, Savings Bonds, and Federal Agency Paper
    What Is Unique about Treasuries?
    Treasury Bills, Notes, and Bonds
    Inflation-Indexed Securities
    Buying Treasuries: Treasury Direct
    Zero Coupon Bonds
    U.S. Savings Bonds
    Federal Agencies
    Summary
    Municipal Bonds
    What Is Unique about Municipal Bonds?
    Should I Buy Munis? (or, Taxable-Equivalent Yield)
    Credit Quality: General Obligation versus Revenue Bonds
    The Rise and Fall of Bond Insurance
    "Recalibrations" of Municipal Bond Ratings
    Municipal Bond Pricing
    Shopping for Municipal Bonds Using the Internet
    Selecting Municipal Bonds
    Summary
    Additional References
    Appendix: The New York City Default
    Corporate Bonds
    What Is Unique about Corporate Bonds?
    Risk Factors of Corporate Bonds
    Corporate Bonds with Special Features
    Junk Bonds
    Shopping for Corporate Bonds Using the Internet
    Summary
    Mortgage-Backed Securities
    Why GNMAs Are Unique
    How Prepayments Affect GNMA Cash Flows
    The Vocabulary of GNMA Returns
    CMOs and Other Sons of GNMA
    Agency Backing of Mortgage-Backed Securities: Ginnie, Fannie, and Freddie
    Collateralized Debt Obligations (CDOs) and Collateralized Debt Swaps (CDSs)
    The Financial Crisis: 2007-2008
    Current State of the Mortgage-Backed and Asset-Backed Securities Market
    Summary
    Additional References
    International Bonds
    The International Bond Market: An Overview
    Currency Risk
    Emerging Markets Debt: Brady Bonds
    Buying Individual International Bonds
    Is There a Case for Investing in International Bonds?
    Obtaining Information on International Bonds
    Summary
    Investing Through Funds
    Bond Mutual Funds: An Overview
    Differences between Bond Funds and Individual Bonds
    How Much Will I Earn?
    The Costs of Investing in Bond Funds
    Why the NAV of Your Fund Will Go Up and Down
    Selecting, Buying, and Monitoring Bond Funds
    Sources of Information Concerning Bond Funds
    Taxes and Bond Funds
    Summary
    Money Market Funds and Tax-Exempt Bond Funds
    Money Market Funds
    Bond Funds Whose Price Goes Up and Down: "Plain Vanilla" and More Speculative Funds
    Municipal Bond Funds
    Summary
    Taxable Bond Funds
    Domestic "Plain Vanilla" Taxable Bond Funds
    Treasury Inflation Protected Securities Funds
    GNMA (and Other Mortgage) Funds
    More Speculative Funds
    Miscellaneous Funds
    Summary
    Closed-End Bond Funds, Exchange-Traded Funds (ETFs), and Unit Investment Trusts
    Closed-End Bond Funds
    Summary: Closed-End Funds
    Sources of Information on CEFs
    Exchange-Traded Funds
    Advantages and Disadvantages of Bond ETFs
    Summary: Exchange-Traded Funds
    Unit Investment Trusts
    Summary: Unit Investment Trusts
    Management of Bond Portfolios and Asset Allocation
    Management of Bond Portfolios
    When Will I Need the Money?
    Portfolio Structures
    Finding Attractive Buy Points
    Swaps
    Managing a Bond Portfolio for Total Return
    Portfolio Allocation
    Portfolio Allocation
    Asset Allocation
    The Case for Bonds Revisited
    The Current Environment and the Bond Market
    Conclusion
    Index

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