Overview
- Explores the particulars of fixed income investments and their link to debt, both private and public
- Offers an integrated view of the fixed income investments and its interrelations with other asset classes
- Covers the views of the investment manager and risk manager, institutional or individual investor, and the regulator
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Table of contents (14 chapters)
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Front Matter
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Back Matter
Keywords
About this book
Fixed income investments have been a topic of broad interest, in particular for institutional investors such as insurance companies and pensions schemes. They were considered safe heavens in turbulent times by almost all other institutional and individual investors and are used for strategies such as portfolio immunization and asset liability matching (ALM). The latest crisis, however, revealed some of the weaknesses of fixed income instruments. They proved to be not as safe as originally thought with both credit and interest rate risks emerging. Consequently, fixed income investments have been in the spotlight once more.
This book presents all aspects pertaining to fixed income investments, starting from the basics—i.e. the types of bonds, their valuation, the interest rate term structure—then moving to fixed income portfolio management and the interest rate and credit derivatives and their relevant markets, funds, risks and risk management. Finally, the book addresses contemporary issues such as their behavior in times of crisis, their relation to debt, their coexistence with equity and the current regulatory environment. This book, providing a look at the broader environment of fixed income alongside the current market structure, will be of interest to students, academics, researchers and practitioners in fixed income and investing strategies.​Authors and Affiliations
About the author
Thomas Poufinas is Assistant Professor in the Department of Economics of the Democritus University of Thrace. He holds a Ph.D. in Financial Mathematics from the Ohio State University and a Bachelor’s Degree in Mathematics from the University of Athens. His research focuses on finance, investments, risk management and actuarial science.
Bibliographic Information
Book Title: Fixed Income Investing
Book Subtitle: A Classic in a Time of Increased Uncertainty
Authors: Thomas Poufinas
DOI: https://doi.org/10.1007/978-3-030-87922-8
Publisher: Palgrave Macmillan Cham
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2022
Hardcover ISBN: 978-3-030-87921-1Published: 29 March 2022
Softcover ISBN: 978-3-030-87924-2Published: 30 March 2023
eBook ISBN: 978-3-030-87922-8Published: 28 March 2022
Edition Number: 1
Number of Pages: XXVIII, 730
Number of Illustrations: 5 b/w illustrations, 102 illustrations in colour