An Introduction to Bond Markets
Published on 14. October 1999
Book
Hardback
IV, 350 pages
978-0-471-83174-7 (ISBN)
Description
The Reuters Financial Training Series An Introduction to Bond Markets An Introduction to Bond Markets introduces novices to bonds, notes, derivatives and other instruments used in the world's largest markets. Readers will learn how these products are traded and quoted in the financial markets. This comprehensive guide bridges the gap between academic texts that are often too theoretical, and the more technical practitioner's works. Key features include:Introductory sections defining terms and giving background to theoriesExamples and calculations of various types of bond market instrumentsSummaries and overviews at the end of each chapter recapitulating key points and definitionsQuick quiz questions and answers to reinforce learningFurther resources which point to other books, articles and internet tools to widen readers' comprehension and entrench their foundation in the subject.Each book in the series is supported by the Wiley-Reuters Financial Training web site (www wiley-rft.reuters.com).
This regularly updated site offers a range of screens taken directly from the Reuters terminal, information on professional exams, web links to key institutional finance web sites and much more. Endorsed by the ISMA Center - the Business School for Financial Markets at the University of Reading, UK, this book will be of particular interest to novice traders, investors and trainers in financial institutions looking for a key introductory text. Key concepts are illustrated with excellent real world examples, exercises and screen dumps while still recognising that most readers will not trade bonds or become pricing technicians.
This regularly updated site offers a range of screens taken directly from the Reuters terminal, information on professional exams, web links to key institutional finance web sites and much more. Endorsed by the ISMA Center - the Business School for Financial Markets at the University of Reading, UK, this book will be of particular interest to novice traders, investors and trainers in financial institutions looking for a key introductory text. Key concepts are illustrated with excellent real world examples, exercises and screen dumps while still recognising that most readers will not trade bonds or become pricing technicians.
More details
Content
WHY DO BOND MARKETS EXIST? An Overview of Bond Markets. Government and Corporate Bonds. Who Needs Bond Markets? Primary and Secondary Markets. What Is a Bond? HOW DO BOND MARKETS WORK? Elements of Bond Markets. Domestic Bond Markets. International Bond Markets. WHAT INSTRUMENTS ARE USED IN BOND MARKETS? Bond Market Instruments. Market Classification. Interest Related Classification. Redemption Classification. Principal Payments Classificaiton. Borrowers Classificaiton. Equity Linked Classification. DERIVATIVES. What Are Derivatives? Who Uses Derivatives? How Are Derivatives Traded? Bond Futures. Who Uses Bond Futures? Interest Rate Futures in the Market Place. Forward Rate Agreements (FRAs). Comparing FRAs with Interest Rate Futures Contracts. FRAs in the Market Place. Interest Rate Swap (IRS). Who Uses IRSs? IRSs in the Market Place. Currency Swap. Who Uses Currency Swaps? Currency Swaps in the Market Place. Interest Rate Option. Who Uses Options on Bonds and Bond Futures. Options on Bonds and Bond Futures in the Market Place. Swaptions. Who Uses Swaptions? Swaptions in the Market Place. BOND VALUATION AND BOND YIELDS. Bond Characteristics. Bond Valuation. Bond Yields. Bond Risk and Yield Analysis. TRADING IN THE BOND MARKETS. Issuers in the Primary Markets. Credit Rating and Agencies. Issuing a Bond in the Primary Market. Intermediaries Involved in the Primary Markets. Players in the Secondary Markets. How Bonds are Traded. Investors in Bond Markets. Regulation of Markets.