The Bond and Money Markets:
Strategy, Trading, analysis
SECURITIES INSTITUTE
Professional Reference Series
Moorad Choudhry Vice
President, Chase Manhattan Bank Markets.,,
Dtiring a career in the City
of London spanning over ten years, he has been employed as a gilt-edged market maker
(United Kingdom government bond primary dealer), treasury trader and sterling proprietary
trader. He has also worked as a strategy and risk consultant to some of the world's
leading investment banks.
Not JUST a bond markets book,
but a complete reference guide covering all the related topics that those involved in debt
capital markets will need to be aware of, which are NOT found in other bond books
Virtually a stand alone
reference book on interest rate swaps, the money markets, financial market mathematics,
interest-rate futures and technical analysis
Includes some introductory
coverage of very specialised topics (for which one requires specialised texts) such as
VaR, Asset & liability management, credit derivatives
Combines accessible style
with advanced level topics, plus review of latest
Comprehensive review of gilt
and Treasury market, plus review of other international markets
The Bond and Money Markets:
Strategy, Trading, Analysts describes, explains and analyses all aspects of the bond and
money markets and is both an introduction for newcomers and an advanced text for
experienced market practitioners and postgraduate students.Those with experience of the
industry at all levels will find the book invaluable as a standard reference work.
The book features coverage
of:
Government and Corporate
bonds, Eurobonds, callable bonds, convertibles 41 Asset-backed bonds including mortgages
and CDOs
Derivative instruments
including bond futures, swaps, options, structured products, and option valuation models
Interest-rate risk, duration
analysis, convexity, and the convexity bias 41 Term structure models, estimating and
interpreting the yield curve
The money markets, including
REPO markets, basis trading and asset/ liability management
Portfolio management,
including total return framework, portfolio strategies and constructing bond indicesd
& rnone^
You will also gain an
invaluable insight into:
- Trading
and hedging strategy; Charting and technical analysis
- The
latest market-related developments, including risk management techniques, value-at-risk,
and the use of credit derivatives;
- Emerging
markets and the benefits of international investment
- The
latest developments in yield curve modelling
This book is aimed at a wide
readership including bond salespersons, traders, structured financiers and corporate
financiers, as well as support staff such as risk managers, operation1 professionals and
IT personnel. Other market participants including fund managers, corporate treasurers,
local authority treasurers, consultants, accountants, auditors, capital markets lawyers,
business analysts, regulators and financial journalists will also benefit from reading
this book, as will new joiners to the industry such as junior traders and graduate
trainees.
CONTENT:
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.
READERSHIP: Professionals in
Financial Services and Capital Markets, e.g. Investment Bankers, Traders, Structured
Financiers, Research Analysts, Fund Managers, Corporate Treasurers.
As a reference book for
students studying for Business and Finance related postgraduate degrees; MBA students;
masters of finance students; those studying for professional qualifications such as CFA,
ACT, IIMR, ACIB, Securities Institute, ACCA.
1168 pages