Tuesday, June 4, 2013

Bond and Money Markets: Strategy, Trading, Analysis


Bond and Money Markets: Strategy, Trading, Analysis PDF Download Ebook. Moorad Choudhry explains and analyses all aspects of the bond and money markets and is both an introduction for newcomers and an advanced text for experienced market practitioners and graduate students. Those with experience of the industry at all levels will find the book invaluable as a standard reference work.

Author has managed to combine the clarity of explanation vital to students of the subject with sufficient content and detail to ensure that even the experienced practitioner will find this book an invaluable asset. To have covered such a complex area so effectively within one reference book is a notable achievement, to have done so with such obvious enthusiasm only adds to the excellence of this work.

This book is aimed at a wide readership, from those with little or no previous understanding of or exposure to the bond markets to experienced practitioners. The subject matter is wide ranging and this makes the book useful for undergraduate and postgraduate students on finance or business courses. The second half of the book will be valuable for advanced level students and first-year researchers.

Undergraduate students are recommended to tackle the book after initially studying the principles of finance, however the basic concepts required (such as present and future value) are covered and serve to make a complete volume. While most of the mathematics assumes a knowledge of basic algebra, some of the contents, particularly in the chapters dealing with derivatives and fixed income analytics, will require slightly higher level mathematical ability.

It is not necessary to have degree-level or even A-level maths in order to understand the basic principles; however those with only elementary maths may find some of the chapters, particularly those on yield curve modelling, somewhat difficult. Complete beginners may wish to review first an elementary text on financial market mathematics. Nevertheless this book is intended to serve as a complete text, and takes readers from the first principles to advanced analysis. Note that by this we mean analysis of the bond and related derivatives markets; the budding rocket scientists among you may wish to consider books specifically concerned with say, option pricing, stochastic calculus or programme trading.

For students wishing to enter a career in the financial services industry this book has been written to provide sufficient knowledge and understanding to be useful in their first job and beyond, thus enabling anyone to hit the ground running. It is also hoped that the book remains useful as a reference handbook.

The book is primarily aimed at people who work in the markets, including front office, middle office and back office banking and fund management staff who are involved to some extent in fixed interest markets. This includes traders, salespersons, money markets dealers, fund managers, stockbrokers and research analysts. Others including corporate and local authority treasurers, risk management personnel and operations staff will also find the contents useful, as will professionals who work in structured finance and other market sectors, such as accountants, lawyers and corporate financiers.

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