First Steps in Bonds: Successful Strategies without the Rocket Science

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Author(s): Temple, Peter
Publisher: Pearson Education Limited
Year: 2002

Language: English
Pages: 211
City: Harlow, England
Tags: basis point, Boesky, charting, consolidated stock, contrarianism, convertible, distressed debt, economic cycle, emerging economies, Eurobonds, floating rate, gilts, index-linked, irredeemable, ISMA, loan, market average, maturity, OEIC, pfandebriefe, rate swap, redemption, repo, sinking fund, STRIPS, treasuries, unit trust, yield curve, zero-coupon

First Steps in Bonds - Dustwrapper - Front......Page 1
Flyleaf - Front......Page 2
Flyleaf - Rear......Page 3
Short Title......Page 4
Pearson Education Press Notice......Page 5
Title Page......Page 6
Printer's Imprint......Page 7
About the Author......Page 8
Contents......Page 10
Acknowledgements......Page 13
Introduction......Page 14
Bonds don't have to be boring......Page 16
Bonds versus loans......Page 20
Bond markets......Page 21
Bonds versus shares......Page 22
Risk versus reward......Page 23
Bonds in your portfolio......Page 25
Bonds and financial market cycles......Page 28
Different types of bonds......Page 31
2. Bond basics......Page 36
Basic bond components......Page 37
Calculating a simple yield......Page 41
Compounding and discounting......Page 43
Redemption yields......Page 45
Yield curves and spreads......Page 47
Duration......Page 51
Economic pronouncements......Page 54
Fear and greed......Page 58
Credit ratings......Page 60
Influence from other markets......Page 63
Curves and convergence......Page 64
Structural factors......Page 66
How stockbroking works......Page 72
Which to choose?......Page 76
How to deal......Page 79
Alternative ways of trading......Page 82
Bond portfolio strategy......Page 85
UK government bonds......Page 90
US government bonds......Page 94
Euro-zone government bonds......Page 98
Other markets......Page 103
6. Bond market oddities......Page 108
Index linked......Page 109
Floaters......Page 113
Zeros......Page 116
Convertibles......Page 118
Irredeemables......Page 120
Other......Page 123
Short history of the Eurobond market......Page 126
How Eurobond underwriting works......Page 130
Eurobond pricing......Page 132
Eurobonds and emerging markets--a digression......Page 134
Types of Eurobond......Page 137
Accessibility of Eurobonds to the private investor......Page 140
Why companies issue bonds......Page 142
The corporate bond pecking order......Page 146
Corporate bonds for private investors......Page 148
Credit quality......Page 151
Junk bonds......Page 155
Distressed debt......Page 157
Bond prices and analysis......Page 160
Economic data and commentary......Page 168
Aids for bond market mathematics......Page 172
Unit trusts......Page 178
Investing in unit trusts tax-effectively......Page 179
Bond funds in general......Page 181
Specific fund choices and profiles......Page 183
Bond fund management groups' websites......Page 189
Afterword......Page 196
Appendix 1: Glossary......Page 198
Appendix 2: Bond-related websites......Page 202
Appendix 3: Further reading......Page 204
Index......Page 206
Dustwrapper - Rear......Page 211