The Strategic Bond Investor: Strategic Tools to Unlock the Power of the Bond Market, 3rd Edition
- 9h 59m
- Anthony Crescenzi
- McGraw-Hill
- 2021
The bestselling bond investing classic―updated to help you profit today and position yourself for the post-COVID era and decade ahead
Since the 2008 global financial crisis, the investing world has changed radically. Credit is more difficult to access, populations across the world are aging, and economic growth has been tepid. And now, the global pandemic has shaken the global financial system to its core. Investors are facing a future where structural―rather than cyclical―change will have greater impact on financial markets.
In this new edition of The Strategic Bond Investor, you’ll find everything you need to generate profits while mitigating risk in the “new normal.” PIMCO Executive Vice President and lead investing strategist Anthony Crescenzi explains how deeply the bond market impacts the global economy, the best ways to invest in bonds, and how to “read” this market to inform your overall strategy.
Along the way, Crescenzi provides unique and invaluable insights into the role of the bond market in recent economic crises (both 2008 and 2020), in an era of the rise of socially responsible investing, and at a time when we may well be witnessing a seismic shift in economic and financial power from the United States to China.
Crescenzi draws on his vast experience, as well as personal conversations with Alan Greenspan, Ben Bernanke, Janet Yellen, and other influential figures in finance, politics, and academia. He provides a glimpse at PIMCO’s storied investment process, along with numerous types of investment strategies to meet various investing goals.
The Strategic Bond Investor has guided investors through the capital markets for nearly two decades. Use this updated edition to achieve investing success in the next decade.
About the Author
Anthony Crescenzi is executive vice president, market strategist, and generalist portfolio manager for PIMCO. He is also a member of the firm’s elite Investment Committee. Prior to joining PIMCO in 2009, he was chief bond market strategist at Miller Tabak and worked for both Lehman Brothers and Prudential Bache.
In this Book
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The Importance of the Bond Market
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Why Low Interest Rates will Likely Persist into the 2030s
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Negative Interest Rates: Can it Happen in the United States?
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The Composition and Characteristics of the Bond Market
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Bond Basics: Building Blocks and Warning Labels
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Risks Facing Today's Bond Investors: Asset Diversification does not Equal Risk Diversification
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Don't Fight the Fed: The Powerful Role of the Federal Reserve and the World's Central Banks
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The Yield Curve: The Bond Market's Crystal Ball
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Real Yields: Why They are Important to Understand
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The Five Tenets of Successful Interest Rate Forecasting
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From Tulips to Treasuries: Tracking Market Sentiment to Forecast Market Behavior
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Credit Ratings: An Essential Tool for A Bond Investor to be a True Guardian of Capital
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Bond Strategies from a Bond Manager
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The Keynesian Endpoint: Reaching the Practical Limits of Debt Use
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Using Economic Data to Inform Your Investment Decisions
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Esg (Environmental, Social, Governance) Investing: This Changes Everything, Including the World
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How Interest Rates have Shaped the Political Landscape
