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Description of Fixed Income Markets

"Moorad's handbook is impressive in its combination of breadth and depth. It covers everything from basic bond maths to more advanced models, from analytical tools to practical trading and portfolio management, through descriptions of various cash and derivative markets and assets. the Book includes rich institutional detail. This single reference covers them all and does it with flavour. Both an expert and a novice can enjoy this highly readable book."
- Antti IImanen, Managing Director, European Rates Trading, Citigorup Global Markets Ltd

"This fine book provides a remarkably lucid analysis of bonds and fixed income derivatives, including hybrids and CDOs, swaps and swaptions, and credit derivatives. The text is eloquent and inspired; it manages to be very well structured whilst still allowing the author′s natural vivacity and enthusiasm to shine through. it deserves to be a best–seller."
- Professor Carol Alexander, Chair of Risk Management and Director of Research, ISMA Centre, University of Reading

"Again a very pedagogical contribution from Moorad Choudhry, of immense interest both for students and practitioners. Exactly what you need to master the bond markets."
- Philippe Priaulet, Head of Market Strategy, HSBC CCF

"Moorad has compiled an up-to-date almanac on international debt capital markets that achieves a rare balance of mathematical rigor and exposition to real-world marketplace practice. Intelligibly written, it elucidates the theory and practice of fixed income instruments to practitioners in a way that is set to make it an indispensable classic. I hope my words do not fail too much in describing the exceptional quality of this book."
- Dr Haris Kessaris, Director, KBC Financial Products

Title Information

ISBN:

9780470821367

Pages:

500 pages

Format:

Hardback

Product Code:

20069

Publisher:

John Wiley & Sons Ltd

Published:

03/09/2004

Edition:

illustrated edition

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About Moorad Choudhry

Moorad Choudhry is Head of Treasury at KBC Financial Products UK Limited in London. He previously worked as a government bond trader at ABN Amro Hoare Govett Limited and Hambros Bank Limited, and in structured finance with JPMorgan Chase Bank.

Moorad is a Visiting Professor at the Department of Economics, London Metropolitan University, and a Fellow of the Securities Institute in the City of London. He is co-editor with Professor Frank Fabozzi of The Handbook of European Fixed Income Securities.

Contents of Fixed Income Markets

Foreword
Preface

PART I: Introduction to Bonds

1. The bond instrument
2. Interest-rate risk
3. Pricing, spot and forward rates
4. Interest rate modelling
5. Yield curve fitting


PART II: Market Instruments

6. Money markets
7. Hybrid securities
8. Analysis of callable bonds
9. Index-linked bonds
10. ABS and MBS intro
11. CDOs
12. Structured credit products


PART III: Derivative Instruments

13. Forwards and futures pricing
14. Bond futures
15. Swaps
16. SwapNote
17. Credit derivatives I
18. Credit derivatives II
19. Options I
20. Options II