This book explains how bond differs from a share of stock, how various kinds of bonds are brought to market, what the Fed does that affects bond prices, the relationship between bond prices and interest rates in general, the relationship between bond price and bond yield, what various people do within a securities brokerage firm when it brings an issue to market, and how much interest you are entitled to when you buy a bond.
This book is first published in 1988. Now completely updated to reflect the latest changes in the debt instrument market, this revised edition not only serves as an introduction to the entire bond business, it provides the most current information available on the different bond instruments as well as the latest trends in fixed income markets and individual markets. This book will give you an illuminating and intriguing description of some of the world’s largest and most important markets, whether or not you are at present an investor. It will help you in making bond investments, and it will guide you to sources of information available to you in managing these investments better.