Fixed-Income Analysis for the Global Financial Market

This comprehensive new book explains and clarifies the essential building blocks underlying the pricing and risk analysis of fixed-income securities and derivatives – using mathematics lightly, to make things easier, not harder. The emphasis throughout is on how-to-do, on building operational knowledge from the ground up. There are more than 300 examples and exhibits based on current market data. You will find essential information on:<br> * The global money market<br> * Foreign exchange transaction and foreign exchange derivatives<br> * Bonds and zero coupon bonds – including a risk management-driven discussion of duration and convexity<br> * Interest rate swaps, currency swaps, and exchange-traded futures<br> * Stochastic models and option pricing<br> * Stochastic models of the yield curve