brewer12345
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Mar 6, 2003
- Messages
- 18,085
Re: So much for ER in 2010... (longish)
Here is a start: http://www.smartmoney.com/onebond/index.cfm?story=primer
As long as you stick to treasuries, munis and high grade (A rated or above) corporates, all you really need to master are the concepts of discounted cash flow, duration, and maybe convexity to understand what you are getting into. If you start looking at lower rated corprates (BBB and junk), you had better be prepared to do some serious credit analysis.
Lena said:Brewer,
I sure hope I can understand simple math, otherwise my BS in accounting could be slightly useless. Believe it or not, I deal with some of the derivatives thingies at work. But I do accounting for it, our Secondary Marketing Dept deals with their trading aspect.
OK. Bonds it is. Any good books on that? I don't think there are Bonds for Dummies, is there?
Lena
Here is a start: http://www.smartmoney.com/onebond/index.cfm?story=primer
As long as you stick to treasuries, munis and high grade (A rated or above) corporates, all you really need to master are the concepts of discounted cash flow, duration, and maybe convexity to understand what you are getting into. If you start looking at lower rated corprates (BBB and junk), you had better be prepared to do some serious credit analysis.