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The Bond Book
Book

The Bond Book

Everything Investors Need to Know about Bonds, Treasuries, Municipals, GNMAs, Corporates, Zeros, Bond Funds, Money Market Funds and More

McGraw-Hill, 2001
First Edition: 1991 Mehr


Editorial Rating

8

Qualities

  • Applicable

Recommendation

This is an accessible introduction to bonds by a financial professional whose first book - as unlikely as it may seem – was a study of Max Jacob, the French poet. The literary background of the author, Annette Thau, may account for her book's clear, easy-to-read style. Most authors who write about bonds tend to get lost in the complex mathematics and specialized jargon of the bond markets. Not Annette Thau. Whether you are an individual investor trying to balance your portfolio with bonds, or a student of finance looking for a more lucid explanation of the subject than you can find in your textbooks, getAbstract highly recommends this book to you.

Take-Aways

  • A bond is a debt owed to the investor.
  • Bond issuers do not sell directly to the public; investment banks buy the bonds from the issuers and then resell them to investors.
  • The investors include big institutions and intermediaries who eventually sell to individual investors.

About the Author

Annette Thau, Ph.D., is a former municipal bond analyst for Chase Manhattan Bank. Until recently, Dr. Thau was a visiting scholar at the Columbia University Graduate School of Business.


Comment on this summary or Diskussion beginnen

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    G. R. 9 years ago
    article is just one block of type. please fix
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      9 years ago
      We have fixed the layout of this summary. Thanks for your comment!
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    D. D. 1 decade ago
    It gives a clear and intuitive overview of bond market. Too simplistic and high level for what we do here but a worthwhile 5-10 minutes read.

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