Fully updated with comprehensive coverage of the post-crisis debt markets and their impact on key industry issues, Fixed Income Markets: Management, Trading, and Hedging, Second Edition offers insights into derivative pricing, cross-currency hedging, and new liquidity legislation. Written by Choudhry, Moskovic, and Wong, Fixed Income Markets is an indispensable read for anyone working in bond markets, interest-rate markets, and credit derivatives markets looking to better understand today's debt markets.
This acclaimed book takes a unique look into the leading practices in bond markets as well as post-credit-crunch impacts on pricing that are rarely captured in textbooks. The new edition provides expanded coverage on a wide range of topics within hedging, derivatives, bonds, rebalancing, and global debt capital markets. New topics include:
- Dynamic hedging practices and cross-currency hedging
- Collateralized and uncollateralized derivatives, and their impact on valuation
- Callable bonds, pricing, trading, and regulatory aspects related to liquidity
- Rebalancing as a method for capturing contingencies and other complex imbedded risks
As a bonus, the book includes reference information for statistical concepts and fixed income pricing, as well as a full glossary and index. Written in Choudhry's usual accessible style, Fixed Income Markets is a comprehensive and in-depth account of the global debt capital markets in today's post-crisis world.
Keywords: Trading, Fixed Income Markets: Management, Trading, and Hedging, 2nd Edition, Moorad Choudhry, David Moskovic, Max Wong, global debt capital markets, fixed income pricing, post-crisis debt markets, derivative pricing, cross-currency hedging, liquidity legislation, hedging, derivatives, bonds, rebalancing, dynamic hedging practices, collateralized derivatives, uncollateralized derivatives, callable bonds, global banking, finance, global finance, risk model validation, hybrid derivatives, derivative pricing, cross-currency hedging