Bond Market Securities investigates the fundamentals of fixed income analysis, reviewing the latest research and presenting it in an accessible way that is suitable for practitioners and graduate students alike. The research is summarized in a way that allows readers to apply results to their individual requirements. Important subjects are covered in a straightforward style, using only essential mathematics, while further references are listed in full so that the reader may undertake further research.

Topics covered include:

* bond mathematics

* spot and forward rates

* yield curve fitting techniques

* term structure models

* credit derivatives in the fixed income markets

* hybird securities

* forwards and futures

* market trading considerations and techniques

* mortgage-backed securities

Bond Market Securities provides a concise and accessible description of the main elements of the markets, the instruments used and their applications, and will be of valuable use to both the experienced practitioner and the bond market novice.



About the author

Moorad Choudhry is a vice-president with JP Morgan in London. he traded gilts and sterling money markets with ABN Amro Hoare Govett Sterling Bonds Limited, and was a streling proprietary trader at Hambros Bank Limited. He has also worked as a strategy and market risk consultant to some of the world's leading investment banks, and has lectured on the bond markets at City University Business School and London Guildhall University.

Moorad has an MA in Econometrics from the University of Reading and an MBA from Henley Management College. He is currently undertaking research towards his doctorate at Birkbeck College, University of London.