{"product_id":"inside-the-yield-book-9781118390139","title":"Inside the Yield Book","description":"\u003cb\u003eA completely updated edition of \u003ci\u003ethe\u003c\/i\u003e guide to modern bond analysis\u003c\/b\u003e \u003cp\u003eFirst published in 1972, \u003ci\u003eInside the Yield Book\u003c\/i\u003e revolutionized the fixed-income industry and forever altered the way investors looked at bonds. Over forty 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.\u003c\/p\u003e \u003cp\u003eThis edition updates the widely respected classic with new material from Martin L. Leibowitz. Along the way, it skillfully explains and makes sense of essential mathematical relationships that are basic to an understanding of bonds, annuities, and loans--in fact, any securities or investments that involve compound interest and the determination of present value for future cash flows. The book also includes a new foreword.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eContains information that is more instructive, important, and useful than ever for mastering the crucial concepts of time, value, and return\u003c\/li\u003e \u003cli\u003eCombines the clear fixed-income insights found in the original edition with completely new knowledge to help you navigate today's dynamic market\u003c\/li\u003e \u003cli\u003eIncludes over one hundred pages of new material on the role of bonds within the total portfolio\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eIn an era of calculators and computers, some of the important underlying principles covered here 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 \u003ci\u003eInside the Yield Book\u003c\/i\u003e the perfect resource.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAbout the Author\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e\u003cb\u003eMARTIN L. LEIBOWITZ\u003c\/b\u003e is a managing director with Morgan Stanley Research Department's global strategy team. Prior to Morgan Stanley, he was vice chairman and chief investment officer of TIAA-CREF. He is the author of numerous books, and over 200 articles on various investment analysis topics, ten of which have won the prestigious Graham and Dodd Award. Leibowitz has received three of the CFA Institute's highest awards: the Nicholas Molodovsky Award, the James R. Vertin Award, and the Professional Excellence Award. In 1995, he became the first inductee into the Fixed Income Analysts Society's Hall of Fame.\u003c\/p\u003e \u003cp\u003eThe late \u003cb\u003eSIDNEY HOMER\u003c\/b\u003e was the founder and general partner in charge of Salomon Brothers' bond market research department. Best known for his pioneering and analytical studies of bond market history and relative values and the economic forces that create bond market trends, he is the author of several books including \u003ci\u003eA History of Interest Rates, The Bond Buyer's Primer\u003c\/i\u003e, and \u003ci\u003eThe Price of Money\u003c\/i\u003e. He was inducted posthumously into the Fixed Income Analysts Society's Hall of Fame in 1997.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eANTHONY BOVA\u003c\/b\u003e is an Executive Director with Morgan Stanley Equity Research's Global Strategy team. He won Best Article in the ninth annual Bernstein Fabozzi\/Jacobs Levy Awards presented by the \u003ci\u003eJournal of Portfolio Management\u003c\/i\u003e for his coauthoring of Gathering Implicit Alphas in a Beta World. In 2008, Mr. Bova coauthored \u003ci\u003eModern Portfolio Management\u003c\/i\u003e (Wiley), which focused on active equity strategies. In 2010, he coauthored \u003ci\u003eThe Endowment Model of Investing\u003c\/i\u003e (Wiley) with Martin Leibowitz and Brett Hammond of TIAA-CREF.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eSTANLEY KOGELMAN\u003c\/b\u003e is President of Delft Strategic Advisors, LLC, and a Principal at Advanced Portfolio Management. Prior to founding Delft Strategic Advisors, he served as a managing director at JPMorgan Private Bank and Goldman, Sachs \u0026amp; Co. He is the author and coauthor of more than sixty articles on finance and received two Graham and Dodd Awards and published two books jointly with Martin Leibowitz. In an earlier academic career, he held senior mathematics faculty positions and wrote several pioneering books on mathematics education, including \u003ci\u003eMind Over Math\u003c\/i\u003e and \u003ci\u003eThe Only Math Book You'll Ever Need\u003c\/i\u003e.\u003c\/p\u003e\u003cbr\u003e","brand":"Bloomberg Press","offers":[{"title":"Default Title","offer_id":50544310780178,"sku":"9781118390139","price":56.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0831\/4771\/8930\/files\/img_e5c62846-c4f1-40c3-8bf9-f1fea2b277f2.jpg?v=1731526135","url":"https:\/\/surprise-castle.myshopify.com\/products\/inside-the-yield-book-9781118390139","provider":"Surprise Castle","version":"1.0","type":"link"}