hey guys...
I was wondering what the best way to prepare for a Fixed Income position was???
I know for IBD and S & T there are the vault guide and stuff...anything similar for
brushing up on FI type of work...books, websites, guides???
thanks
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There are several books. If you are covering a specific product like rates, FX, or Corporates, there are different books. For a strong FI book that has a detailed but general overview of all FI, I would read anything by Fabozzi. Fabozzi is the standard text for FI (like Hull is standard for Derivatives).
Anyone have a good book for Securitized Products (ABS,MBS) trading?
http://www.amazon.com/Handbook-Fixed-Income-Securities/dp/0071440992/re…
Get that book. It is the bible of fixed-income products.
Correct me if I am wrong here because I am trying to figure this stuff out for myself. I have an MFE, and we used the Fabozzi handbook. I feel like this is WAY WAY over quant for what's really used in general fixed income (bonds). How many high yield desks, or hybrid desks are running monte carlo's and lattice models or modeling stochastic interest rates.
I have seen job postings in credit risk management where they say they look at loss given defaults, probabilities of default etc., which from a risk standpoint makes sense and is covered in Fabozzi if memory serves correct, but from the fixed income (non structured products, non PhD quant postings) i.e. HY, Lev Fin seems to be more on modeling the underlying business cash flows.
Again, this is for bonds, not for FX, commodities, structured products etc.
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