An Introduction to Bond Markets

by Moorad Choudhry

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 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 necessary background for students and practitioners. The book is essential reading for all those who require an introduction to the financial markets.

646 pages, Kindle Edition

First published May 1, 2006

About the author

Moorad Choudhry is Managing Director, Head of Business Treasury, Global Banking & Markets at Royal Bank of Scotland plc. Before joining RBS, He was Head of Treasury at Europe Arab Bank, a subsidiary of Arab Bank. He joined there from KBC Financial Products in London, the derivatives and convertible bond trading arm of KBC Bank N.V., Brussels. Prior to that he was a vice-president in Structured Finance Services sales and marketing at JPMorgan Chase Bank, a sterling proprietary trader in the Treasury division at Hambros Bank Limited, and a gilt-edged market maker and money markets trader at ABN Amro Hoare Govett Limited. He began his City career at the London Stock Exchange in 1989.
Choudhry is Visiting Professor at the Department of Economics, London Metropolitan University, a Visiting Research Fellow at the ICMA Centre, University of Reading, a Senior Fellow at the Centre for Mathematical Trading and Finance, Cass Business School, a Fellow of the Securities and Investment Institute and a Fellow of the Institute of Sales and Marketing Management.

Reviews

[Hernan · Rating 2 out of 5]

For an introduction book, the concepts are not well-explained, but rather vague.
It will feel just like the author is showing you "this is this" without a clear explanation as to why or how this would happen.

[Raj Joneja · Rating 3 out of 5]

quite niche and specific but more than does the job