Synopsis
The bond markets can be a bewildering place – the words, the concepts and the mathematics can be mind-bogglingly confusing even to seasoned professionals. In this step-by-step guide, Stewart Cowley – one of the UK's best-known bond managers – takes investors through the basics they need to know to begin understanding bonds.
From compound interest, through yield calculations, how the bond markets work and how to make the most out of the bond markets, this practical, easy-to-read handbook uses spreadsheet examples combined with a wealth of experience to help you work through real-world examples of bond management.
Details
08 May 2018158 pages
9780857196354Imprint: Harriman House
Reviews
As the title suggests, Bonds in Day is an introductory text to the world of bond mathematics. The author assumes no knowledge on the part of the reader and explains each new concept as it comes up in a simple and informative manner, often mixed in with a few humorous stories.... Any investor interested in improving their knowledge should purchase this book, a well written, step by step guide to this important market.Master Investor magazine
Along the way the commentary provides everything from an insight into the history of bonds, the relationship between the yield curve and economic cycle, and classification of different bonds and their risks. He makes good use of a wide range of off-the-wall analogies to lighten what can be a dry subject. For example, his comparison of how a monkey eats a banana can provide you with a guide to calculating how much interest a bond has earned.Gavin Haynes, managing director of Whitechurch Securities Wealth Managers
