Synopses & Reviews
The Sterling Bonds and Fixed Income Handbook aims to fill the knowledge gap for sterling-base investors and their advisors. Whilst investors in the equity markets can rely on numerous resources to select stocks and build portfolios, there is little information available for those who wish to buy bonds. This book takes the reader through the key features of gilts and sterling corporate bonds and offers a practical guide to putting money to work in this important and profitable asset class.
About the Author
Mark Glowrey is a director of Stockcube Research Limited, a leading independent analysis company. Mark has over twenty years experience of trading securities and advising institutional customers, starting his career as a trader on the floor of the London Stock Exchange in the early 1980s before moving on to spend over a decade specialising in fixed income securities and treasury products. In 2005, he launched the www.fixedincomeinvestor.co.uk website, a resource for private investors in the sterling fixed income market. Mark also contributes to many well-known investment websites and publications including Investors Chronicle. In his spare time, he can generally be found on the water, up a hill or occasionally under a paraglider.
Table of Contents
PART I - The Basics
What's a bond? Some key concepts
Why buy bonds? The risks and rewards of investing in bonds
The players in the bond markets and the life cycle of a bond
Duration: What happens if interest rates move?
Credit ratings & quality
PART II - Bond Markets
Types of bonds: Investing in Gilts
Types of bonds: Investing in domestic and Eurosterling bonds
Types of bonds: Investing in Eurobonds and international bonds
Types of bonds: Investing in other types of bonds. FRNs, convertibles etc.
Types of Bonds: All about PIBS
A walk on the wild side - distressed and illiquid debt
Bonds funds: The good, the bad and the ugly...
PART III - Investing in Bonds
Putting the money to work - dealing, custody and other mechanics
Investment: Structuring a bond portfolio
Trading: Trading the fixed income markets
Tax treatment and other considerations
Appendix 1: Bond maths, Yield calculations & valuations
Appendix 2: Resources for the private investor
Appendix 3: Glossary
Appendix 4: Sample bond prospectus & notes