An Introduction to Bond Markets (Griffin Guides) - Softcover

Choudhry, Moorad

Softcover

ISBN 10: 1900520818 ISBN 13: 9781900520812

Publisher: Securities Institute, 2001

Synopsis

This book describes and defines bonds within the context of the capital markets and the different types of bonds that are traded. It includes a detailed look at the analytical techniques used in the market by traders and fund managers. This new edition will update the section on swaps and risk management, update all exercises and examples, add a new section on credit derivatives, add a section on structured finance securities & add a section on trading. Contents also include: Bond yield Measurement, Interest Rate Risk, The UK gilt market and corporate debt markets, Risk Management, Off-balance sheet instruments, including swaps and options, and Overseas and emerging markets.

About this title

From the Back Cover

The bond markets have grown in importance in recent years and witnessed significant advances in design and structure. The third edition of Professor Moorad Choudhry’s benchmark reference text An Introduction to Bond Markets brings readers up to date with latest developments and market practice. It offers a detailed yet accessible and reader-friendly look at the main instruments, and is aimed specifically at newcomers to the market or those unfamiliar with modern fixed income products. The author capitalises on his wealth of experience in the fixed income markets to present this concise yet in-depth coverage of bonds and associated derivatives.

Topics covered include:

• Bond pricing and yield
• Duration and convexity
• Eurobonds and convertible bonds
• Structured finance securities
• Interest-rate derivatives
• Credit derivatives
• Relative value trading

Related topics such as the money markets and principles of risk management are also introduced as essential background for students and practitioners. This is required reading for all those who desire an introduction to the financial markets.

About the Author

Dr Moorad Choudhry is Head of Treasury at KBC Financial Products in London. He is a Visiting Professor at the Department of Economics, London Metropolitan University, a Visiting Research Fellow at the ICMA Centre, University of Reading, a Senior Fellow at the Department of Mathematical Trading and Finance, Cass Business School, and a Fellow of the Securities and Investment Institute.

Edition details

• Publisher: Securities Institute
• Publication date: 2001
• Language: English
• ISBN 10: 1900520818
• ISBN 13: 9781900520812
• Binding: Paperback