An Introduction to Bond Markets, 4th Edition

The bond markets are a vital part of the world economy. The fourth edition of Professor Moorad Choudhry’s benchmark reference text An Introduction to Bond Markets brings readers up to date with latest developments and market practice, including the impact of the financial crisis and issues of relevance for investors. This book offers a detailed yet accessible look at bond instruments, and is aimed specifically at newcomers to the market or those unfamiliar with modern fixed income products. The author capitalises on his wealth of experience in the fixed income markets to present this concise yet in-depth coverage of bonds and associated derivatives.

Topics covered include:

• Bond pricing and yield
• Duration and convexity
• Eurobonds and convertible bonds
• Structured finance securities
• Interest-rate derivatives
• Credit derivatives
• Relative value trading

Related topics such as the money markets and principles of risk management are also introduced as necessary background for students and practitioners. The book is essential reading for all those who require an introduction to the financial markets.

Table of Contents

Chapter 1 Introduction To Bonds
Chapter 2 The Yield Curve, Spot And Forward Yields
Chapter 3 Bond Instruments And Interest-Rate Risk
Chapter 4 Floating-Rate Notes And Other Bond Instruments
Chapter 5 The Money Markets
Chapter 6 The Eurobond Market
Chapter 7 Convertible Bonds, Mtns And Warrants
Chapter 8 Credit Ratings
Chapter 9 Inflation-Linked Bonds
Chapter 10 An Introduction To Asset-Backed Securities
Chapter 11 Introduction To Derivative Instruments
Chapter 12 Introduction To Credit Derivatives
Chapter 13 Approaches To Government Bond Trading And Yield Analysis
Chapter 14 Risk Management And Value-At-Risk