An introduction to bond markets

"The bond markets are a vital part of the world economy. The fourth edition of Professor Moorad Choudhry's benchmark reference text An Introduction to Bond Markets brings readers up to date with latest developments and market practice, including the impact of the financial crisis and issues of relevance for investors. This book offers a detailed yet accessible look at bond instruments, and is aimed specifically at newcomers to the market or those unfamiliar with modern fixed income products. The author capitalises on his wealth of experience in the fixed income markets to present this concise yet in-depth coverage of bonds and associated derivatives.Topics covered include:Bond pricing and yieldDuration and convexityEurobonds and convertible bondsStructured finance securitiesInterest-rate derivativesCredit derivativesRelative value tradingRelated topics such as the money markets and principles of risk management are also introduced as necessary background for students and practitioners. The book is essential reading for all those who require an introduction to the financial markets"-- "Introduction to the Bond Markets provides a comprehensive, authoritative description of the bond markets. The contents describe and define bonds within the context of the capital markets and the different types of bonds that are traded. There is also a detailed look at the analytical techniques used in the market by traders and fund managers. This new edition will be completely updated to reflect the many changes the industry has seen because of the financial crisis. In addition to a complete update, wholesale changes will be made to most chapters, taking out obsolete markets and products such as CDOs and warrants, and introducing readers to emerging markets and new issues such as Abu Dhabi issues"--