Interest Rate Markets + Web site: A Practical Approach to Fixed Income

With trillions of dollars worth of trades conducted every year in everything from U.S. Treasury bonds to mortgage-backed securities, the U.S. interest rate market is one of the largest fixed income markets in the world.

Interest Rate Markets: A Practical Approach to Fixed Income details the typical quantitative tools used to analyze rates markets; the range of fixed income products on the cash side; interest rate movements; and, the derivatives side of the business.

• Emphasizes the importance of hedging and quantitatively managing risks inherent in interest rate trades

• Details the common trades which can be used by investors to take views on interest rates in an efficient manner, the methods used to accurately set up these trades, as well as common pitfalls and risks?providing examples from previous market stress events such as 2008

• Includes exclusive access to the Interest Rate Markets Web site which includes commonly used calculations and trade construction methods

Interest Rate Markets helps readers to understand the structural nature of the rates markets and to develop a framework for thinking about these markets intuitively, rather than focusing on mathematical models

Avainsanat: Siddhartha Jha, interest rates, interest rate markets, fixed income, forecasting interest rate, forecast interest rates, interest rate market, interest rate market movements, analyze rate markets, managing risks, interest rate trades, set up trades, interest trades, rates markets, regression, mortgage market, duration, convexity, swaption, eurdollars, treasury futures, futures, swaps, ratio swaps, municipals, conditional trades, swap spreads, quantitative easing, pension funds, PRDC, exotic products, carry, volatility trading, yield curve spread option, tax risk, inflation risk, rate risk, discounting, bond pricing, bond math, repo market, spreads, butterfly trades, Federal reserve, Treasuries, Treasury bonds, TIPS, Agency debt, Eurodollar strip, flight to quality, Treasury issuance, Treasury supply, bond mutual funds, relative value, hedging, hedge products, caps, floors, cap volatility, cheapest-to-deliver, CTD, option-adjusted duration