Rating: Summary: The problem with any book claiming to be a "Handbook"... Review: The Handbook attempts to be all things to all people, and thus tries to cover many too many topics with uneven results. The Handbook provides good institutional knowledge about fixed income markets and the basics of pricing and portfolio management (including some international portfolio management issues). This is sufficient to learn basic fixed income intuition, which may be enough for people not heavily involved in fixed income markets (i.e. MBA students, consultants, CFA candidates, etc.). The greatest fault (to me) is the book does not address the biggest assumption of basic fixed income pricing theory (i.e. interest rates are assumed to be constant or at least know functions of time). This is obviously unrealistic. The Handbook does not help practitioners interested in advanced pricing theory and requires consultation with more advanced texts.However, I must admit the Handbook does look impressive sitting on your desk. In a pinch, it also makes for a good, albeit expensive, paperweight or doorstop. :-)
Rating: Summary: The Handbook of Fixed Income Securities, 6th Edition Review: The Handbook of Fixed Income Securities, 6th Edition
by Frank J. Fabozzi provides in-depth coverage, analysis, and guidance on topics including types and features of fixed income securities, risks and risk control strategies, mortgage-backed and asset-backed securities, bond market indexes, floating rate securities, municipal bonds, treasury securities, and more.
Rating: Summary: Definitive. Review: The term bible of fixed income has been used in conjunction with this book numerous times. It is not an understatement. Less like a textbook, more like a guide, Fabozzi's work takes the reader step by step through the fixed income universe. The book can be found on many a practitioner's desk and has even reached cult status with a mention in Paul Stiles' Merrill Lynch recap. Just a few topics on fixed income escape discussion, but then again, Fabozzi wrote more than one book.
Rating: Summary: Comprehensive, Detailed & Thorough Review: This book contains everything a beginner could care to know and everything a professional needs to know. This book is a study in fixed income securities from the basic to the complex and should be a source of information and reference for anyone studying or practicing.
Rating: Summary: The sine qua non Review: This book has been around for years and new editions are lapped up by fresh generations of bond geeks. You will find a copy on pretty much every fixed income desk in the industry (including mine). Why all the hoopla? Because there is simply no other book like it. Because it is simply the most comprehensive survey of the various fixed income markets in print. For a basic understanding of the structure and institutional aspects fixed income securities, Fabozzi is the inevitable first stop. All this being said, it is important to understand the book's weaknesses. There is relatively little depth in terms of analytics and if you want formulae you will have to look elsewhere. But for basic overviews, structural details and the orientation that is a precondition for deeper study, the Handbook is in a class by itelf.
Rating: Summary: Fixed income from A to Z! Review: This book has everything that you would ever want to know about fixed income securities (AND MORE). I used it in graduate school and it sits on my desk ready for action. It doesn't have any dust on it, because I still use it. This book is not for the newcomer, but I don't think that was the point.
Rating: Summary: Just right Review: This book is an excellent resource for both the beginner and expert in finance and fixed income securities. It has the right balance of qualitative and techincal descriptions and explanations that makes it so valuable.
Rating: Summary: Just right Review: This book is an excellent resource for both the beginner and expert in finance and fixed income securities. It has the right balance of qualitative and techincal descriptions and explanations that makes it so valuable.
Rating: Summary: Exaustive expose of fixed income,lengthy and comprehensive Review: This is a gigantic book, it covers every possible topic on the subject. It's for the profesional as a guide and reference. For the beginner its useful for those who need to understand a particular subject in depth and make informed decisions,or question their broker. It's not a dummies book !!!
Rating: Summary: Errors Abound Review: This is meant to be the fixed income manual, but if there are dozens of uncorrected math errors which is inexcusable in a sixth edition. This book is overrated, and if you are new to this subject, it is dangerous. I recommend Bruce Tuckman's Fixed Income Securities on the same topic as a better alternative. I noticed it is currently the #3 seller with banks and credit unions (Fabozzi's isn't even on the radar screen), and there is a good reason they prefer Tuckman's book over this one.
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