Overview
Main description
Discover Profit Opportunities
in Today’s Bond Market!
“Tony Crescenzi knows bonds and his book proves it.”
Bill Gross, Managing Director, Pacific Investment Management Company
In 2002, Anthony Crescenzi opened the
door to an innovative new style of investing
with his publication of The Strategic Bond
Investor. The book instantly became the go-to
guide for investors seeking an aggressive yet
risk-conscious path to profit. Now, Crescenzi
provides a completely updated edition of his
popular bond book to address the realities of
the post-credit-crisis economy—and to help
you take total advantage of everything bonds
have to offer.
More relevant now than ever, The Strategic
Bond Investor provides a
sorely needed alternative to the stock market
game—where the rewards for taking risks
have been less than desirable. The bond market
tends to be relatively safe and accessible,
but it can also be vibrant and highly profitable
if you approach it the right way. Crescenzi offers
a fully rounded education on the subject
to help better prepare you to make profitable
decisions every time.
The Strategic Bond Investor
demystifies bonds and the bond market with
clear descriptions of:
- Different bond types, including
U.S. Treasuries, corporate bonds,
and municipal bonds
- Bond market risks—and how to mitigate them
- The powerful role of the Federal
Reserve and the art of Fed watching
- How to read the bond market’s
“crystal ball”—the yield curve
- The five tenets of successful
interest-rate forecasting
- Techniques for forecasting
market behavior
- How to use credit ratings to
your advantage
- The best bond investing strategies
This comprehensive, up-to-the-minute guide
provides straightforward techniques for cashing
in on the unlimited potential of bond
investing—whether your interests are long or
short term.
Now is not the time to play games with your
financial future. Learn the secret to investing
profitably in the bond market while offsetting
portfolio risks with The Strategic Bond
Investor.
Table of contents
Chapter 1. The Importance of the Bond Market Chapter 2. Segments of the Bond Market Chapter 3. Types of Bonds Chapter 4. CDOs, CLOs, MBS, CDX, and Other New Nomenclature Chapter 5. The Money Market: Epicenter of the Bond and Credit Markets Chapter 6. Bond Market Basics Chapter 7. Risks in Bonds and Credit Markets to Investors Chapter 8. The New Fed and Its Immense Power Chapter 9. The Yield Curve: The Bond Market's Crystal Ball Chapter 10. The Seven Tenets of Successful Investing in the Bond Market Chapter 11. Bond Strategies, from Ladders to Barbells Chapter 12. From Tulips to Treasuries: Tracking Market Sentiment Chapter 13. Using the Futures Market to Gather Market Intelligence Chapter 14. Credit Ratings: Tool or Trouble Chapter 15. Colossal Credit Crisis Chapter 16. How to Track the Bond and Credit Markets Chapter 17. Appendix on Major Economic and Top-Down Indicators
Author comments
Anthony Crescenzi is senior vice president,
market strategist, and portfolio manager at
PIMCO. He is also the author of Investing
from the Top Down and coauthor of Stigum’s
Money Market, Fourth Edition.
