"The Gilt-Edged Market" is specifically aimed at finance professionals and investors who need to understand the inner working of the United Kingdom gilt market. There is detailed coverage of the different gilt instruments, as well as a look at the structures, institutions and practices of the market itself. Topics include: Bond basics; Conventional gilts; Index-linked gilts; Gilt strips; The gilt repo market; The gilt bond future basis; and Yield spread trading using gilts. There are also personal reminiscenes that illustrate the great changes that have occurred in this market since Big Bang, as well as an exposition on the art of trading. "The Gilt-Edged Market" is ideal reading for traders, salespersons, fund managers, private investors and other professionals involved to any extent in the UK gilt market. The latest research on index-linked gilts, gilt markets and sterling debt markets presented in an enthusiastic, readable style. It is written by gilt-edged market makers and dealers to ensure realistic, practical coverage as well as a clear explanation of the theory, so readers gain from years' experience. It includes Foreword by Mike Williams, CEO of the Debt Management Office.
The gilt-edged market: an introduction
A primer on bond basics
The gilt-edged market I: structure and institutions
The gilt-edged market II: index-linked gilts
The Gilt-edged market III: the gilt strips market
The gilt repo market
The gilt bond basis
The gilt bond basis II
Information content of the gilt yield curve
The art of government bond trading
Approaches to yield spread trading using gilts
Being some reminiscences of the gilt market...
Glossary
About Moorad Choudhry, Graham "Harry" Cross and Jim Harrison
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.
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