Inside the Yield Book: The Classic
Inside the Yield Book is the ultimate guide to modern bond analysis. This book revolutionized the fixed-income industry and forever altered the way investors looked at bonds. 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. Investors, traders, and analysts who want to sharpen their ability to recall and apply these fundamentals will find Inside the Yield Book the perfect resource.
Praise for Inside the Yield Book
"It's pure pleasure to revisit this innovative and authoritative bedrock of modern bond analysis . . . the description of Wall Street's original 'rocket scientist' encountering Salomon Brothers' trading floor is worth the price of admission."
― John Lipsky, Chief Economist, JPMorgan Chase
"This book transformed the markets' understanding of bonds. The new material in this expanded edition extends those insights to equities and other investments―and the investment world is indebted anew to Sidney Homer and Martin Leibowitz."
― Frank J. Fabozzi, PhD, CFA, editor of the Journal of Portfolio Management and Professor in the Practice of Finance at Yale University's School of Management
"Inside the Yield Book may not be where it all began, but it certainly is where it all began to be understood. The clarity and elegance of language and thought is startling. The new material will not disappoint. This book will live forever!"
― Jack R. Meyer, President and CEO, Harvard Management Company
"Every participant in the fixed-income market needs to read and then reread this authoritative work."
― Laurence Fink, Chairman and CEO, BlackRock
"The new edition gives us the best of both worlds: the complete classic that helped launch a golden age for fixed-income investing, and completely new sections that show how relevant and essential its wisdom remains today."
― Lewis S. Ranieri, Chairman, Hyperion Partners