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:

* The global money market

* Foreign exchange transaction and foreign exchange derivatives

* Bonds and zero coupon bonds - including a risk management-driven discussion of duration and convexity

* Interest rate swaps, currency swaps, and exchange-traded futures

* Stochastic models and option pricing

* Stochastic models of the yield curve