Stigum’s Money Market, 4th Edition

The Most Widely Read Work on the Subject _ Completely Updated to Cover the Latest Developments and Advances In Today’s Money Market!

First published in 1978, Stigum’s Money Market was hailed as a landmark work by leaders of the financial, business, and investment communities. This classic reference has now been revised, updated, and expanded to help a new generation of Wall Street money managers and institutional investors.

The Fourth Edition of Stigum’s Money Market delivers an all-encompassing, cohesive view of the vast and complex money market…offers careful analyses of the growth and changes the market has undergone in recent years…and presents detailed answers to the full range of money market questions.

Stigum’s Money Market equips readers with:

• A complete overview of the large and ever-expanding money market arena
• Quick-access to every key aspect of the fixed-income market
• A thorough updating of information on the banking system
• Incisive accounts of money market fundamentals and all the key players
• In-depth coverage of the markets themselves, including federal funds, government securities, financial futures, Treasury bond and note futures, options, euros, interest rate swaps, CDs, commercial paper, and more
• Expert discussions of the Federal Reserve, the Internet and electronic trading, and the new roles of commercial banks and federal agenciesThis updated classic also includes hundreds of helpful new illustrations and calculations, together with an improved format that gives readers quick access to every major topic relating to the fixed-income market.

Table of Contents

Chapter 1 Introduction

PART 1 SOME FUNDAMENTALS
Chapter 2 Funds Flows, Banks, and Money Creation
Chapter 3 The Instruments in Brief
Chapter 4 Bond Valuation
Chapter 5 Duration and Convexity

PART 2 THE MAJOR PLAYERS
Chapter 6 The Banks: Domestic Operations
Chapter 7 The Banks: Eurodollar Operations
Chapter 8The Treasury and the Federal Agencies
Chapter 9 Don’t Fight the Fed! The Powerful Role of the Federal Reserve
Chapter 10 The Market Makers: Dealers and Others
Chapter 11 The Investors: Running a Short-Term Portfolio

PART 3 THE MARKETS
Chapter 12 The Federal Funds Market
Chapter 13 The Repo and Reverse Markets
Chapter 14 Treasury and Federal Agency Securities
Chapter 15 Financial Futures: Bills, Eurodollars, and Fed Funds
Chapter 16 Treasury Futures
Chapter 17 Financial Options
Chapter 18 Eurodollars: Cash Time Deposits and FRAs
Chapter 19 Interest-Rate Swaps
Chapter 20 Certificates of Deposit
Chapter 21 Bankers’Acceptances
Chapter 22 The Commercial Paper Market
Chapter 23 Bank Sales of Loan Participations
Chapter 24 Medium-Term Notes
Chapter 25 Municipal Notes
Chapter 26 Money Market Funds