Interest Rate Markets: A Practical Approach to Fixed Income: 501 (Wiley Trading) - Tapa dura

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How to build a framework for forecasting interest rate market movements With trillions of dollars worth of trades conducted every year in everything from U.S. Treasury bonds to mortgage-backed securities, the U.S. interest rate market is one of the largest fixed income markets in the world. Interest Rate Markets: A Practical Approach to Fixed Income details the typical quantitative tools used to analyze rates markets; the range of fixed income products on the cash side; interest rate movements; and, the derivatives side of the business. * Emphasizes the importance of hedging and quantitatively managing risks inherent in interest rate trades * Details the common trades which can be used by investors to take views on interest rates in an efficient manner, the methods used to accurately set up these trades, as well as common pitfalls and risks?providing examples from previous market stress events such as 2008 * Includes exclusive access to the Interest Rate Markets Web site which includes commonly used calculations and trade construction methods Interest Rate Markets helps readers to understand the structural nature of the rates markets and to develop a framework for thinking about these markets intuitively, rather than focusing on mathematical models

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An indispensable tool of the trade

Written by a leading fixed-income market strategist, Interest Rate Markets provides you with a comprehensive framework for forecasting interest rates and thinking critically about fixed income trading. Siddhartha Jha draws upon his experience as a fixed income strategist at a top-tier investment bank to offer both seasoned professionals and newcomers a deep understanding of opportunities and risks in interest rate markets. Common mathematical models and statistical tools are blended with intuitive ideas to predict yield curve movements and to discover effective trades.

Concise yet thorough, Interest Rate Markets provides:

• Quantitative tools for valuing and assessing financial market risks

• Practical insights into rates products, including bonds and derivatives

• Dynamic approaches to understanding interest rates and related variables such as swap spreads

• Techniques for hedging and managing risks inherent in rate trades

• Assessments of common pitfalls of interest rate trades

• Lessons from previous market crises

• Effective methods for understanding the rate volatility market

Your complete guide to trading one of the largest and most liquid markets, Interest Rate Markets is truly an indispensable tool of the trade.