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Fixed Income Securities covers the entire gamut of fixed income products, from plain vanilla bonds to interest rate derivatives and mortgage-backed securities. With helpful numerical illustrations and explanations on the use of specific functions in Excel, this book presents essential constructs and concepts, with a simultaneous focus on practical applications and issues of interest to market professionals.
Sunil Kumar Parameswaran delves into the time value of money, bonds, yield measures, money markets, interest rate futures, and interest rate swaps to provide an in-depth look at issues pertaining to fixed income securities. This book is an essential resource for professionals in the fields of brokerage, insurance, mutual funds, pension funds, hedge funds, commercial and investment banks, as well as students of finance.
List of contents
- A Primer on Time Value of Money
- Introduction to Bonds
- Yield Measures
- The Term Structure of Interest Rates
- Duration, Convexity, and Immunization
- Floating Rate Bonds
- Money Markets
- Mortgage Loans
- Mortgage-backed Securities
- Introduction to Futures & Options
- Forward Rate Agreements and Interest Rate Futures
- Fundamentals of Bond Options
- Bonds with Embedded Options
- Interest Rate Swaps
About the author
Sunil Kumar Parameswaran is Director & CEO of Tarheel Consultancy Services, a corporate training and management consultancy, in Bangalore, India. He is Visiting Faculty at some of the leading business schools in India, where he anchors courses in the area of Finance. His primary areas of interest are Securities Markets; Financial Derivatives; Fixed Income Securities; and International Finance.For the past 16 years he has been active as a corporate trainer and management consultant. Sunil has delivered training programs on Global Securities Markets and Global Banking to some of the multinational IT firms located in India. Clients include JP Morgan, Societe Generale, Accenture, and Cap Gemini.He has about 30 years of teaching experience and have taught at leading business schools in the U.S., Singapore, Australia, and India. Sunil has held appointments at the University of Iowa; The National University of Singapore; and at La Trobe University in Melbourne.He obtained his Ph.D in Finance from the Fuqua School of Business at Duke University in North Carolina U.S.A.
