Table of contents

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    Front Matter

    Copyright

    Dedication

    About the Authors

    Preface

    Preface to the First Edition (published 2004)

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    Chapter 1 - Asset-Swap Spreads and Relative Value Analysis

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    Chapter 2 - The Dynamics of Asset Prices

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    Chapter 3 - Interest-Rate Models I

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    Chapter 4 - Interest-Rate Models II

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    Chapter 5 - Fitting the Term Structure

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    Chapter 6 - Advanced Analytics for Index-Linked Bonds

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    Chapter 7 - Analysing the Long-Bond Yield

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    Chapter 8 - The Default Risk of Corporate Bonds

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    Chapter 9 - Convertible Securities : Analysis and Valuation

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    Chapter 10 - Floating-Rate Notes

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    Chapter 11 - Bonds with Embedded Options

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    Index

About the book

Description

Each new chapter of the Second Edition covers an aspect of the fixed income market that has become relevant to investors but is not covered at an advanced level in existing textbooks. This is material that is pertinent to the investment decisions but is not freely available to those not originating the products. Professor Choudhry's method is to place ideas into contexts in order to keep them from becoming too theoretical. While the level of mathematical sophistication is both high and specialized, he includes a brief introduction to the key mathematical concepts.  This is a book on the financial markets, not mathematics, and he provides few derivations and fewer proofs. He draws on both his personal experience as well as his own research to bring together subjects of practical importance to bond market investors and analysts.

Each new chapter of the Second Edition covers an aspect of the fixed income market that has become relevant to investors but is not covered at an advanced level in existing textbooks. This is material that is pertinent to the investment decisions but is not freely available to those not originating the products. Professor Choudhry's method is to place ideas into contexts in order to keep them from becoming too theoretical. While the level of mathematical sophistication is both high and specialized, he includes a brief introduction to the key mathematical concepts.  This is a book on the financial markets, not mathematics, and he provides few derivations and fewer proofs. He draws on both his personal experience as well as his own research to bring together subjects of practical importance to bond market investors and analysts.

Key Features

  • Presents practitioner-level theories and applications, never available in textbooks
  • Focuses on financial markets, not mathematics
  • Covers relative value investing, returns analysis, and risk estimation
  • Presents practitioner-level theories and applications, never available in textbooks
  • Focuses on financial markets, not mathematics
  • Covers relative value investing, returns analysis, and risk estimation

Details

Copyright

Copyright © 2015 Elsevier Ltd. All rights reserved.

Imprint

Butterworth-Heinemann

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Authors

Moorad Choudhry

Michele Lizzio