Bond Market Securities

9780273654087

027365408X

"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. Moorads 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 readers interest." Martin Barber, Partner, KPMG Consulting Bond Market Securities is a concise guide to the range of techniques and applications used for the analysis and valuation of the principle debt market instruments. A mix of academic theory and market practice, it provides an enlightening framework that enables readers to obtain a firm grounding in fixed income analytics. The book features an introduction to yield curve models, curve fitting techniques, a look at option-adjusted spread, index-linked bond analytics, and a range of other applications of value in the fixed income markets.