Bond and Money Markets: Strategy, Trading, Analysis

ISBN-13: 9780750660785 / Angielski / Miękka / 2003 / 1152 str.

Moorad Choudhry

Opis

The Bond and Money Markets is an invaluable reference to all aspects of fixed income markets and instruments. It is highly regarded as an introduction and an advanced text for professionals and graduate students.

Features comprehensive coverage of:
* Government and Corporate bonds, Eurobonds, callable bonds, convertibles
* Asset-backed bonds including mortgages and CDOs
* Derivative instruments including futures, swaps, options, structured products
* Interest-rate risk, duration analysis, convexity, and the convexity bias
* The money markets, repo markets, basis trading, and asset/liability management
* Term structure models, estimating and interpreting the yield curve
* Portfolio management and strategies, total return framework, constructing bond indices

* A stand alone reference book on interest rate swaps, the money markets, financial market mathematics, interest-rate futures and technical analysis
* Includes introductory coverage of very specialised topics (for which one previously required several texts) such as VaR, Asset & liability management and credit derivatives
* Combines accessible style with advanced level topics

Recenzje

"Moorad is a master of his subject. He is a rare financial markets author, in being both highly readable and yet still informative to practitioners. The academic will find a lot to admire in this comprehensive and lucid guide. The reader will come to treat this book as his bible." --David Wileman, CEO, King & Shaxson Bond Brokers Limited, Old Mutual plc. "Moorad has written an excellent handbook on fixed income markets. It provides a broad ranging practitioner"s guide to all instruments and trading approaches that make fixed income an exciting market." --Jan Loeys, Global Head of Fixed Income Research, J.P.Morgan & Co. "The Author writes very lucidly on fixed income issues and combines mathematics and text very effectively. I found the chapters interesting and easy to read." --Dr Stephen Satchell, Fellow of Trinity College, a Reader in Financial Econometrics at the University of Cambridge, and Visiting Professor at Birkbeck College, City University Business School. "In the "Bond and Money Markets", Moorad Choudhry has managed to combine the clarity of explanation vital to students of the subject with sufficient content and detail to ensure that even the experienced practitioner will find this book an invaluable asset. To have covered such a complex area so effectively within one reference book is a notable achievement, to have done so with such obvious enthusiasm only adds to the excellence of this work." --Martin Barber, Partner, Financial Services, KPMG Consulting. "A fantastic achievement and set to become the premier reference on global debt capital markets. Written in the author"s trademark accessible style, this is a superlative and enthusiastic contribution to the financial economics literature." --Daniel Shakhani, Global Credit Strategy, Goldman Sachs International. "After spending a lifetime reading dry prose in capital markets texts, this is like a fresh breeze from an author with knowledge and experience. The conversational style, real worked examples and excellent illustrations make the understanding of complex issues very easy. In my opinion everyone from market professionals to market novices will find something of great value in this book, and most will end up with a well thumbed copy." --Pantea Rezaifard, Vice President, Corporate and Sovereign Trading, Merrill Lynch.

Spis treści

Foreword; Preface; Introduction to bonds; Government bond markets; Corporate debt markets; The money markets; Risk management; Derivative instruments; Trading and hedging; Advanced fixed income analytics; Portfolio management; Technical analysis; Introduction to credit derivatives; Emerging markets; Concluding remarks.

O autorze

Moorad Choudhry is Chief Executive Officer, Habib Bank Zurich PLC in London, and Visiting Professor at the Department of Mathematical Sciences, Brunel University. Previously he was Head of Treasury of the Corporate Banking Division, Royal Bank of Scotland. Prior to joining RBS, he was a bond trader and structured finance repo trader at KBC Financial Products, ABN Amro Hoare Govett Limited and Hambros Bank Limited. He has a PhD from Birkbeck, University of London and an MBA from Henley Business School. Moorad lives in Surrey, England.