Book description
The yield curve is the defining indicator of the global debt capital
markets, and an understanding of it is vital to the smooth running of
the economy as a whole. All participants in the market, be they issuers
of capital, investors or banking intermediaries, will have a need to
estimate, interpret and understand the yield curve. Fund managers that
accurately predict the shape and direction of the curve will
consistently outperform those that do not.
This groundbreaking new book offers:
- An intuitive account of a very important technical subject,
cutting through the mathematics to reveal key concepts
- Market approaches to enable fund managers to evaluate the
current and expected shape of the yield curve
- An opportunity for market professionals to have an understanding
of the latest analytical techniques.
Written by an experienced market practitioner, this book is a clear
and accessible account of an important financial topic.
Moorad Choudhry is a vice-president in Structured
Finance Services with JP Morgan Chase Bank in London. Prior to this he
worked as a gilt-edged market maker and Treasury trader at ABN Amro
Hoare Govett Sterling Bonds Limited, and as a sterling proprietary
trader at Hambros Bank Limited. Moorad has lectured on the bond
markets at the London School of Economics, the ISMA Centre in Reading,
London Guildhall University and the International Faculty of Finance,
and is a senior Fellow at the Centre for Mathematical Trading and
Finance, CASS Business School, London. He is a Fellow of the
Securities Institute and a Fellow of the Global Association of Risk
Professionals. Moorad's published work includes journal articles and
books. He is also co-author of the book The Global Money Markets,
written with Professor Frank Fabozzi. Moorad obtained an MA in
Economics from the University of Reading and an MBA from Henley
Management College. He is in the process of completing his PhD from
Birkbeck, University of London. He is Editor of the Journal of Bond
Trading and Management.
