The Strategic Bond Investor, Third Edition: Strategic Tools to Unlock the Power of the Bond Market
McGraw-Hill Education (Verlag)
978-1-260-47367-4 (ISBN)
Since the 2008 global financial crisis, the investing world has changed radically. Credit is more difficult to access, populations across the world are aging, and economic growth has been tepid. And now, the global pandemic has shaken the global financial system to its core. Investors are facing a future where structural—rather than cyclical—change will have greater impact on financial markets.
In this new edition of The Strategic Bond Investor, you’ll find everything you need to generate profits while mitigating risk in the “new normal.” PIMCO Executive Vice President and lead investing strategist Anthony Crescenzi explains how deeply the bond market impacts the global economy, the best ways to invest in bonds, and how to “read” this market to inform your overall strategy.
Along the way, Crescenzi provides unique and invaluable insights into the role of the bond market in recent economic crises (both 2008 and 2020), in an era of the rise of socially responsible investing, and at a time when we may well be witnessing a seismic shift in economic and financial power from the United States to China.
Crescenzi draws on his vast experience, as well as personal conversations with Alan Greenspan, Ben Bernanke, Janet Yellen, and other influential figures in finance, politics, and academia. He provides a glimpse at PIMCO’s storied investment process, along with numerous types of investment strategies to meet various investing goals.
The Strategic Bond Investor has guided investors through the capital markets for nearly two decades. Use this updated edition to achieve investing success in the next decade.
McGraw-Hill authors represent the leading experts in their fields and are dedicated to improving the lives, careers, and interests of readers worldwide
Foreword by Manny Roman
1 The Importance of the Bond Market
2 Why Low Interest Rates Will Likely Persist into the 2030s
3 Negative Interest Rates: Can It Happen in the United States?
4 The Composition and Characteristics of the Bond Market
5 Bond Basics
Building Blocks and Warning Labels
6 Risks Facing Today’s Bond Investors
Asset Diversification Does Not Equal Risk Diversification
7 Don’t Fight the Fed
The Powerful Role of the Federal Reserve
and the World’s Central Banks
8 The Yield Curve
The Bond Market’s Crystal Ball
9 Real Yields
Why They Are Important to Understand
10 The Five Tenets of Successful Interest Rate Forecasting
11 From Tulips to Treasuries
Tracking Market Sentiment to Forecast Market Behavior
12 Credit Ratings
An Essential Tool for a Bond Investor to Be
a True Guardian of Capital
13 Bond Strategies from a Bond Manager
14 The Keynesian Endpoint
Reaching the Practical Limits of Debt Use
15 Using Economic Data to Inform Your Investment Decisions
16 ESG (Environmental, Social, Governance) Investing
This Changes Everything, Including the World
17 How Interest Rates Have Shaped the Political Landscape
Notes
Index
| Erscheinungsdatum | 25.01.2021 |
|---|---|
| Zusatzinfo | 85 Illustrations |
| Verlagsort | OH |
| Sprache | englisch |
| Gewicht | 744 g |
| Themenwelt | Wirtschaft ► Betriebswirtschaft / Management ► Allgemeines / Lexika |
| ISBN-10 | 1-260-47367-8 / 1260473678 |
| ISBN-13 | 978-1-260-47367-4 / 9781260473674 |
| Zustand | Neuware |
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