Fixed Income Markets: Instruments, Applications, Mathematics

Moorad?s handbook is impressive in its combination of breadth and depth. It covers everything from basic bond maths to more advanced models, from analytical tools to practical trading and portfolio management, through descriptions of various cash and derivative markets and assets. the Book includes rich institutional detail. This single reference covers them all and does it with flavour. Both an expert and a novice can enjoy this highly readable book.– Antti IImanen, Managing Director, European Rates Trading, Citigorup Global Markets Ltd. This fine book provides a remarkably lucid analysis of bonds and fixed income derivatives, including hybrids and CDOs, swaps and swaptions, and credit derivatives. The text is eloquent and inspired; it manages to be very well structured whilst still allowing the author?s natural vivacity and enthusiasm to shine through. it deserves to be a best–seller. – Professor Carol Alexander, Chair of Risk Management and  Director of Research, ISMA Centre, University of Reading Again a very pedagogical contribution from Moorad Choudhry, of immense interest both for students and practitioners. Exactly what you need to master the bond markets. –Philippe Priaulet, Head of Market Strategy, HSBC CCF Moorad has compiled an up–to–date almanac on international debt capital markets that achieves a rare balance of mathematical rigor and exposition to real–world marketplace practice. Intelligibly written, it elucidates the theory and practice of fixed income instruments to practitioners in a way that is set to make it an indispensable classic. I hope my words do not fail too much in describing the exceptional quality of this book. – Dr Haris Kessaris, Director, KBC Financial Products