10 Of The Best Books On Bond Investing (2023)

Johnny HopkinsInvesting BooksLeave a Comment

This week we’ve provided ten of the best books on bond investing that will assist investors. This list is by no means complete and is certainly not in any particular order. If you’re an investor take some time to check out the books on this list, they’ll provide you with an awesome starting point for your investing education. Feel feed to add your favorites in the comment section below.

  1. The Bond Book, Third Edition by Annette Thau. “As in the first two editions, this third edition of The Bond Book continues to be the ideal reference for the individual investor. It has all the necessary details, well explained and illustrated without excessive mathematics. In addition to providing this essential content, it is extremely well written.” –James B. Cloonan, Chairman, American Association of Individual Investors.
  2. The Handbook of Convertible Bonds – Pricing, Strategies and Risk Management by Jan De Spiegeleer, Wim Schoutens. This is a complete guide to the pricing and risk management of convertible bond portfolios. Convertible bonds can be complex because they have both equity and debt like features and new market entrants will usually find that they have either a knowledge of fixed income mathematics or of equity derivatives and therefore have no idea how to incorporate credit and equity together into their existing pricing tools.
  3. Bond Markets, Analysis, and Strategies by Frank Fabozzi. Fabozzi’s Bond Markets, Analysis and Strategies offers students practical advice for analysing bonds and proven portfolio strategies for achieving client objectives. Using an applied approach, Bond Markets helps students quickly grasp and apply key concepts without getting bogged down in theory.
  4. Bloomberg Visual Guide to Municipal Bonds by Robert Doty. Bloomberg Visual Guide to Municipal Bonds offers step-by-step guidance to the nature and diversity of municipal securities credit structures. This valuable guide demonstrates the dependability of the overwhelming majority of municipal securities, and points out particular market sectors that may yield greater rewards, but also present greater risks.
  5. The Strategic Bond Investor by Anthony Crescenzi. 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.
  6. Managing a Corporate Bond Portfolio by Frank Fabozzi. “Crabbe and Fabozzi’s Managing a Corporate Bond Portfolio is a refreshingly good book on the neglected topic in fixed income portfolio management. If you want to understand the latest thinking in corporate bonds, what drives prices and why, read this book. You will emerge with knowledge that will help you get an edge in the competitive investing arena.” -Tim Opler, Director, Financial Strategy Group, CSFB.
  7. The Coming Bond Market Collapse: How to Survive the Demise of the U.S. Debt Market by Michael Pento. In this controversial book a noted adherent of Austrian School of Economics theories advances the thesis that the United States is fast approaching the end stage of the biggest asset bubble in history. He describes how the bursting of the bubble will cause a massive interest rate shock that will send the US consumer economy and the US government―pumped up by massive Treasury debt―into bankruptcy, an event that will send shockwaves throughout the global economy. 
  8. The Handbook of Municipal Bonds by Frank Fabozzi. In The Handbook of Municipal Bonds, editors Sylvan Feldstein and Frank Fabozzi provide traders, bankers, and advisors―among other industry participants―with a well-rounded look at the industry of tax-exempt municipal bonds. Chapter by chapter, a diverse group of experienced contributors provide detailed explanations and a variety of relevant examples that illuminate essential elements of this area. With this book as your guide, you’ll quickly become familiar with both buy side and sell side issues as well as important innovations in this field.
  9. Bonds A Step by Step Analysis with Excel by Guillermo L. Dumrauf. Chapter One describes how to price a bond and calculate the yield to maturity and the total return, by working with real-world bond examples and Excel spreadsheets. Beginning with hypothetical examples, then we work with a real-world bond, describing a step-by-step procedure to design the cash flow on a spreadsheet, and compute the yield to maturity and total return, according to the bond indenture.
  10. Bonds: The Unbeaten Path to Secure Investment Growth by Hildy Richelson, Stan Richelson. In Bonds: The Unbeaten Path to Secure Investment Growth, Second Edition, the fully revised and updated edition of the classic guide to demystifying the bonds market, veteran investor husband and wife team Hildy and Stan Richelson expose the myth of stocks’ superior investment returns and propose an all-bond portfolio as a sure-footed strategy that will ensure positive returns. Designed to educate novice and sophisticated investors alike, as well as to serve as a tool for financial advisers, the book explains why and when bonds can be the right choice. 

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