Bond Market Securities - Rilegato

Moorad, Choudhry

Rilegato

ISBN 10: 027365408X ISBN 13: 9780273654087

Casa editrice: Financial Times Management, 2001

Riassunto

Investors need to be fully conversant with the differences in the way that bonds are structured, valued and traded. Bond Market Securities contains a wide range of methodologies that will help the reader to gain a good understanding of fixed income securities and some of their associated derivatives. Bond Market Securities investigates the fundamentals of fixed income analysis, reviewing the latest research and presenting it in an accessible way that is suitable for practitioners and graduate students alike. The research is summarized in a way that allows readers to apply results to their individual requirements. Important subjects are covered in a straightforward style, using only essential mathematics, while further references are listed in full so that the reader may undertake further research. Topics covered include: Bond mathematics Spot and forward rates Yield curve fitting techniques Term structure models Credit derivatives in the fixed income markets Stochastic models and option pricing Hybrid securities Forwards and futures Market trading considerations and techniques Mortgage-backed securities. Written by a debt markets professional with many years' experience trading bonds in the markets, the book focuses on the international nature of these instruments, allowing you to apply the techniques and applications covered in the book in every debt capital market, irrespective of geographical location. Bond Market Securities provides a concise and accessible description of the main elements of the markets, the instruments used and their applications, and will be of valuable use to both the experienced practitioner and the bond market novice. "Bond Market Securities is accessible to both scholars and practitioners, but sacrifices little in quantitative rigour or institutional detail. It will be added to my graduate reading lists..." Professor Steve Satchell, Faculty of Economics and Politics, Cambridge University "In bond markets it is easy to overcomplicate things with too much jargon, too many technical terms and too many long mathematical formulae. Moorad's book brings refreshing clarity to the subject, helping show how (and why) these markets really work." Peter Matthews, Senior Credit Trader and Head of FRN Trading, ABN Amro Bank NV "Moorad is a rare combination - technically and intellectually brilliant and blessed with the personality and ability to communicate effectively with the rest of us. He has the ability to demystify the seemingly most complex concepts and an enthusiasm for his subject that shines through his writing and captures the reader's interest." Martin Barber, Partner, KPMG Consulting

Su questo libro

Recensione:

Bond Market Securities – an essential treatise

I am no rocket scientist, therefore, I held many misconceived assumptions that I would have to rush out and qualify to be such a creature before I could even pick up this book.

How wrong I was, and I promise you I am still not a rocket scientist, but a far superior practitioner of the bonds market. This book is a concise and accessible introduction to the diverse range of instruments that trade in the debt capital markets today. It begins with an introduction to conventional bonds and their analyses before considering the more complex techniques used in the analysis and valuation of structured products.

Readers will gain from a succinct synopsis of the mathematics of spot and forward rates and an introduction to modelling the yield curve. Furthermore, uses and applications of option-adjusted spread analysis, and the analysis of index-linked bonds.

No prior advanced mathematics knowledge is assumed because the author aims to put you at your ease with this subject. This is very successful and I feel confident that I can implement theoretically and practically what I have learned. Bravo!

Jolyon Wagg of Henry Marshall Securities states " in my opinion Mr Choudhry is the premier exponent of bond market instruction today." I agree, and add this one to your bookshelf.

Srikant Guruswamy Divendra PhD, Heinz Schuster und Funkelmann

 

 

"Bond Market Securities is accessible to both scholars and practitioners, but sacrifices little in quantitative rigour or institutional detail. It will be added to my graduate reading lists..."  Professor Steve Satchell, Faculty of Economics and Politics, Cambridge University

 

"In bond markets it is easy to overcomplicate things with too much jargon, too many technical terms and too many long mathematical formulae. Moorad’s book brings refreshing clarity to the subject, helping show how (and why) these markets really work."  Peter Matthews, Senior Credit Trader and Head of FRN Trading, ABN Amro Bank NV

 

"Moorad is a rare combination – technically and intellectually brilliant and blessed with the personality and ability to communicate effectively with the rest of us. He has the ability to demystify the seemingly most complex concepts and an enthusiasm for his subject that shines through his writing and captures the reader’s interest."  Martin Barber, Partner, KPMG Consulting

L'autore:

 

Moorad Choudhry

is a vice-president with JPMorgan Chase in London. He started his City career in 1989 at the London Stock Exchange before joining the sterling Eurobond desk at Hoare Govett Fixed Interest. He was later employed as a gilt-edged market maker and treasury trader at ABN Amro Hoare Govett Sterling Bonds, where he ran the short-dated gilt book, the gilt repo book and the sterling money markets book, and was also responsible for stocks borrowing and lending and interbank funding. From there he moved on to Hambros Bank, where he set up and ran the Treasury division’s sterling proprietary trading desk. He has also worked as a strategy and risk management consultant to some of the world’s leading investment banks, before joining JPMorgan Chase capital markets in 2000.

Moorad has an MA in Econometrics from Reading University and an MBA from Henley Management College. He has taught courses on bond and money markets subjects for organizations both in the City of London and abroad, and has lectured at City University Business School. He is a member of the Securities Institute and the Global Association of Risk Professionals, and sits on the examination panel of the Securities Institute Bond and Fixed Income Markets Diploma paper.

Su questa edizione

• Editore: Financial Times Management
• Data di pubblicazione: 2001
• ISBN 10: 027365408X
• ISBN 13: 9780273654087
• Rilegatura: Copertina rigida
• Numero di pagine: 416