An introduction to bond markets - Moorad Choudhry

The bond markets are a vital part of the world economy. The fourthedition of Professor Moorad Choudhry's benchmark reference textAn Introduction to Bond Markets brings readers up to datewith latest developments and market practice, including the impactof the financial crisis and issues of relevance for investors. Thisbook offers a detailed yet accessible look at bond instruments, andis aimed specifically at newcomers to the market or thoseunfamiliar with modern fixed income products. The authorcapitalises on his wealth of experience in the fixed income marketsto present this concise yet in-depth coverage of bonds andassociated derivatives.

Topics covered include:

• Bond pricing and yield
• Duration and convexity
• Eurobonds and convertible bonds
• Structured finance securities
• Interest-rate derivatives
• Credit derivatives
• Relative value trading

Related topics such as the money markets and principles of riskmanagement are also introduced as necessary background for studentsand practitioners. The book is essential reading for all those whorequire an introduction to the financial markets.