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The complete practitioner`s guide to the bond market
The Complete Practitioners Guide to the Bond Market
takes you through the basics-from clear definitions of the different bond types to sophisticated strategies employed by hedge funds.
Steven I. Dym, a seasoned market expert, explains the concepts and shows them in action via a wealth of real-world examples. Included are features not found anyhere else, including:
1. Chapters on how the macroeconomy works, where the central bank fits in, and how economic dynamics interact with the bond market and affect bond prices
2. Explanations of international trade and the foreign exchange market, analysis of risk and return of foreign bonds, plus the special nature of emerging markets
3. A look at what bond dealers do, with thorough explanations of repurchase agreements, reverse repos, and other essential bond market topics
4. The real story about hedge funds, covering step-by-step strategies and explaining relative value trades, leverage, and financing techniques and their use of derivat
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