Product Description

The Bond and Money Markets: Strategy, Trading, Analysis 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 graduate 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
* 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
* The money markets, repo markets, basis trading, and asset / liability management
* Term structure models, estimating and interpreting the yield curve
* Portfolio management, including total return framework, portfolio strategies, and constructing bond indices

and valuable insight into:

* Trading and hedging strategy
* Charting and technical analysis
* The latest market developments, such as value-at-risk, and credit derivatives
* Emerging markets and the benefits of international investment

The Bond and Money Markets: Strategy, Trading, Analysis is aimed at a wide readership including bond salespersons, traders, corporate financiers and graduate trainees, as well as risk managers, operations professionals and business analysts. Other market participants including fund managers, corporate treasurers, management consultants, regulators and financial journalists will also find the content useful.


This book is 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 research

Product Details

• Amazon Sales Rank: #689700 in Books
• Published on: 2001-05-03
• Original language: English
• Number of items: 1
• Binding: Hardcover
• 1168 pages

Review
"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 reader will come to treat this book as his bible."
- David Wileman, CEO, King & Shaxson Bond Brokers Limited, Old Mutual plc.

"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."
- Martin Barber, Partner, Financial Services, KPMG Consulting.

"A fantastic achievement and set to become the premier reference on global debt capital markets...a superlative and enthusiastic contribution to the financial economics literature."
- Daniel Shakhani, Global Credit Strategy, Goldman Sachs International.


"The book 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 graduate students. Those with experience of the industry at all levels will find the book invaluable as a standard reference work."
- Securities & Investment Review, July-Aug 01

From the Publisher
The book features coverage of:* Government and Corporate bonds, Eurobonds, callable bonds, convertibles* 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* The money markets, repo markets, basis trading, and asset / liability management* Term structure models, estimating and interpreting the yield curve * Portfolio management, including total return framework, portfolio strategies, and constructing bond indicesand valuable insight into:* Trading and hedging strategy* Charting and technical analysis* The latest market developments, such as value-at-risk, and credit derivatives* Emerging markets and the benefits of international investmentThe Bond and Money Markets: Strategy, Trading, Analysis is aimed at a wide readership including bond salespersons, traders, corporate financiers and graduate trainees, as well as risk managers, operations professionals and business analysts. Other market participants including fund managers, corporate treasurers, management consultants, regulators and financial journalists will also find the content useful.

About the Author
Moorad Choudhry is Head of Treasury at KBC Financial Products (UK) Limited in London. Previously he worked in structured finance at JPMorgan Chase Bank, and as a sterling bond trader at ABN Amro Hoare Govett Limited and Hambros Bank Limited. Dr Choudhry is a Visiting Professor at the Department of Economics, London Metropolitan University, and a Senior Fellow at the Centre for Mathematical Trading and Finance, CASS Business School. He is also a Fellow of the Securities Institute.

Customer Reviews

The hand book of all hand books
Beeing a professional myself I can wholeheartedly recommend this well written book. Virtually all you need to know in today's bond and money market is explained in simple English and not only are the formulae displayed but also calculated examples are shown.
This book is written by someone who preaches from experience and not just someone from a well known university.
A book than can be used immediately by someone who is new to the market or for spmeone that need to brush up on a particular subject.
Comes highly recommended and worth the price. A+++

A comprehensive bond market treatise
This is the benchmark book on bonds against which all other should be compared. It covers everything one would need and is written in a nice reader-friendly style. Starts at introductory level but then goes on to very advanced treatment. Recomended for students and practitioners alike. Buy it!

Outstanding work...
I have used the book in studying for the FRM (GARP) Exam (succesfuly) and I am currently using it for the CFA(LI). Choudhry has done an EXCELLENT job in presenting advanced topics in an accessible manner without compromising technical issues.