Read about Bonds

To read about bonds and fixed income investing, refer to this reading list of books, industry sites and blogs that I have compiled. It is not exhaustive nor the best selection in the universe. If you come across a useful resource, let me know – I would be glad to insert it.

Books

The Handbook of Fixed Income Securities, Eighth Edition 8th Edition by Frank Fabozzi and Steven Mann

This is an easy read about bonds for a start. Book shares a wide variety of information about bonds. It has a plenty of information and is a good reference for anything you want to search for. Readers will also find the many chapters each dedicated to describing a bond product particularly useful.

Bond Math, + Website: The Theory Behind the Formulas (Wiley Finance) 2nd Edition by Donald J. Smith

Good read if you have a good grasp of mathematics and would like to learn more about bond valuation. This book is focuses on the quantitative aspects of bonds. Readers are introduced to concepts such as zero coupon bonds, yield curves, bond duration and convexity.

The Strategic Bond Investor: Strategies and Tools to Unlock the Power of the Bond Market by Anthony Crescenzi and Mohamed El-Erian

Definitely a must read book for bond investors as it focuses on practical aspects of bond investing. It is written by two of the fund industry’s most respectable people and need no further marketing. One is the ex-CEO of PIMCO investment firm while the other is currently a market strategist with the fund.

Websites

  • MoneySense is a National Financial Education Programme for Singapore. Website provides excellent explanation of bonds and interest rates. Highly recommended.
  • NUS Risk Management Institute’s Credit Risk Initiative provides quality calibrated data regarding the credit health of companies in Singapore and Singapore as a whole. All you need to do is to sign up with them and access their database for free.

Courses

If reading about bonds is not your cup of tea, there are also courses at the SGX Academy that you can join. Take note though, their basic bond course is priced at S$180. I do not believe in paying for course but if you wish to spend an afternoon learning about bonds in a more structured environment, it would still be a meaningful experience.