An Introduction to Bond Markets

The bond markets have grown in importance in recent years and witnessed significant advances in design and structure. The third 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. It offers a detailed yet accessible and reader-friendly look at the main 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 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 risk management are also introduced as essential background for students and practitioners. This is required reading for all those who desire an introduction to the financial markets.