Product Description

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

Product Details

• Amazon Sales Rank: #220485 in Books
• Published on: 2003-07-04
• Original language: English
• Number of items: 1
• Binding: Paperback
• 1152 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 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.

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.