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Book: Inside the Yield Book: The Classic That Created the Science of Bond Analysis, New Edition :: Book
Date: Friday, 09 January, 2009 :: 08:40
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Inside the Yield Book: The Classic That Created the Science of Bond Analysis, New Edition
List Price: USD $39.95
from USD $24.25
Product Group: book
Manufacturer: Bloomberg Press
Studio: Bloomberg Press
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Editorial Review: Product Description
First published in 1972, Inside the Yield Book revolutionized the fixed income industry and forever altered the way investors looked at bonds. Over 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 a new chapter by Martin L. Leibowitz on present value analysis, and 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 and 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. Bond traders, investors, 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 comprehending how they operate in the world of investment.
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Reviews:
Average Customer Review: 
3 of 3 people found the following review helpful:
Summary: Worth It - The Original
Date: 2007-01-31 - 
Comment: Yes, a lot of the concepts discussed here can be found in textbooks -- because this book originated those concepts. It remains the most concentrated discussion of bond analytics and trading available. It is a must for anyone contemplating entering the bond market as a professional, or working with bond professionals, or writing about them, or anything else. It is not for beginners -- or rather, it is work for beginners -- but it's in the professional language of fixed income. A head trader once told me this is the one book to read to understand bonds. There are many other worthy books, of course, but this is the one to start with, and it equips you to understand the others.
2 of 7 people found the following review helpful:
Summary: Old book
Date: 2005-08-23 - 
Comment: This book is quite old and deals with topics that can be found in lots of corporate finance books such as pv and fv. You can't see the contents of the book either. If you have or know of the Fabozzi book then get that instead. T
14 of 14 people found the following review helpful:
Summary: Insightful!
Date: 2004-07-28 -
Comment: Sidney Homer and Martin L. Leibowitz, the authors of this slim volume, accomplish a tough feat. They utter a piece of rudimentary financial advice in one sentence and then launch into mind-bending explanations of the calculus that makes the rudiments true. Maybe that's why their 1972 classic has been in print for three decades. This updated version of the classic includes new forewords and some material that was cut from the original. Unless you're an experienced bond trader or a finance whiz, this primer isn't exactly easy reading. The authors waste little time on hand-holding. Still, it remains a complete look at its topic after all these years. We suggest this book to investors and traders who need a crash course - or a refresher course - in bond analysis.
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