Fixed-Income Securities and Derivatives Handbook: Analysis and Valuation - Hardcover

Choudhry, Moorad

Hardcover

ISBN 10: 1576603342 ISBN 13: 9781576603345

Publisher: Bloomberg Press, 2010

Synopsis

The definitive guide to fixed-come securities-revised to reflect today's dynamic financial environment

The Second Edition of the Fixed-Income Securities and Derivatives Handbook offers a completely updated and revised look at an important area of today's financial world. In addition to providing an accessible description of the main elements of the debt market, concentrating on the instruments used and their applications, this edition takes into account the effect of the recent financial crisis on fixed income securities and derivatives.

As timely as it is timeless, the Second Edition of the Fixed-Income Securities and Derivatives Handbook includes a wealth of new material on such topics as covered and convertible bonds, swaps, synthetic securitization, and bond portfolio management, as well as discussions regarding new regulatory twists and the evolving derivatives market.

• Offers a more detailed look at the basic principles of securitization and an updated chapter on collateralized debt obligations
• Covers bond mathematics, pricing and yield analytics, and term structure models
• Includes a new chapter on credit analysis and the different metrics used to measure bond-relative value
• Contains illustrative case studies and real-world examples of the topics touched upon throughout the book

Written in a straightforward and accessible style, Moorad Choudhry's new book offers the ideal mix of practical tips and academic theory within this important field.

About this title

About the Authors

Moorad Choudhary is Head of Treasury at Europe Arab Bank, a subsidiary of Arab Bank. He was previously at KBC Financial Products in London, the derivatives and convertible bond trading arm of KBC Bank N.V. Brussels. Prior to that, he was a vice president in stuructured finance services sales and marketing at JPMorgan Chase Bank, a sterling proprietary trader in the treasury division at Hambros Bank Ltd, and a gilt-edged market maker and money markets trader at ABN AMRO Hoare Govett Ltd.

Moorad Choudhry (Surrey, UK) is head of treasury at Europe Arab Bank plc in London. Previously, he was head of treasury at KBC Financial Products, and a vice president in Structured Finance Service at JPMorgan Chase Bank. Prior to that, he was a sterling proprietary trader at Hambros Bank Limited and gilt-edged market maker and money markets trader at ABN Amro Hoare Govett Ltd. Choudhry is visiting professor at the Department of Economics, London Metropolitan University and a visiting research fellow at the ICMA Centre, University of Reading. He was educated at the University of Westminster and the University of Reading. He obtained his MBA from Henley Management School and his PhD from Birkbeck, University of London. He has written several books on the credit markets.

From the Back Cover

PRAISE FOR FIXED-INCOME SECURITIES AND DERIVATIVES HANDBOOK, SECOND EDITION

“I have been looking for books for my clients and obtained a copy of your book. I think it is the best book about fixed-income securities out there. The book is extremely well written and is the best resource I have found so far.”

―Patrick Y. Shim, Financial Advisor, CG Investment Group, Wells Fargo Advisors, LLC

The Second Edition of the Fixed-Income Securities and Derivatives Handbook is a fully updated and expanded post-crash edition of Moorad Choudhry’s bestselling guide. In this latest edition, he explains the new regulatory twists, the evolving derivatives market, as well as a new set of instruments and opportunities in the bond market.

Thoroughly updated and revised, this Second Edition includes new material on important topics such as:

• A practical demonstration of cubic spline methodology, useful in constructing yield curves
• The latest developments in the credit derivative market
• An accessible analysis of credit default swap pricing principles
• A description of inflation-indexed derivatives
• A more detailed look at the basic principles of securitization and an updated chapter on collateralized debt obligations
• A new chapter on credit analysis and the different metrics used to measure bondrelative value

Written in a straightforward and accessible style, Moorad Choudhry’s new book offers the ideal mix of practical tips and academic theory.

From the Inside Flap

The Second Edition of the Fixed-Income Securities and Derivatives Handbook offers a completely updated and revised look at an important area of todays financial world. In addition to providing an accessible description of the main elements of the debt marketconcentrating on the instruments used and their applicationsthis edition takes into account the effect of the recent financial crisis on fixed income securities and derivatives.

Divided into three comprehensive parts, this reliable resource opens with coverage of essential issues in this field, including bond mathematics, pricing and yield analytics, as well as a discussion of term structure models. Part Two, entitled Cash and Derivative Instruments and Analysis, offers an analysis of various debt market instruments including callable bonds and convertibles. It also covers securitization and the impact of the financial crisis on the market. Finally, in part three, Selected Market Analysis and Trading Considerations, the book discusses the practical uses of redemption yield and duration as well as relative value trading strategies based on the authors personal experiences at a primary dealers desk.

As timely as it is timeless, the Second Edition of the Fixed-Income Securities and Derivatives Handbook includes a wealth of new material on such topics as covered bonds, credit derivatives, convertible bonds, swaps, synthetic securitization, bond portfolio management, and much more. And by focusing on its illustrative case studies and real-world examples, youll quickly gain a firm understanding of the books key concepts.

Edition details

• Publisher: Bloomberg Press
• Publication date: 2010
• Language: English
• ISBN 10: 1576603342
• ISBN 13: 9781576603345
• Binding: Hardcover
• Edition number: 2
• Number of pages: 496