Synopses & Reviews
Pricing Money provides a highly practical introduction to the principles of bonds and fixed income and is aimed at readers who have little prior knowledge.
The book is written in a style that is not overly mathematical or theoretical but takes a practical approach focusing on the aspects of pricing and trading fixed-income securities that are most relevant to the day-to-day activities of people working in the markets.
Starting at a basic level the author explains the concepts and principles behind fixed income in an informative way using every day examples that can be understood by the layman. It includes a listing of the terms used; the rules and conventions; the techniques for valuation and pricing and a description of the different roles within the industry. This book will be an excellent training tool for new recruits to the financial markets.
Synopsis
F r viele ist die Funktionsweise der Finanzm rkte undurchsichtig und r tselhaft. Dieses Buch schafft Klarheit. The Price of Money bietet eine praxisorientierte Einf hrung in die Grundlagen von Anleihen und festverzinslichen Wertpapieren f r Anf nger und Neulinge. Autor Julian Wiseman erl utert Konzepte und Grundlagen anschaulich anhand von Beispielen aus der Praxis. Dabei kommt er mit einem Minimum an Mathematik aus und konzentriert sich vornehmlich auf die Preisbildung und das Handeln festverzinslicher Werpapiere, die f r das Routinegesch ft am wichtigsten sind. Enthalten ist eine bersicht mit den verwendeten Fachbegriffen, Regeln und Konventionen, Bewertungs- und Preisbildungsverfahren. The Price of Money ist ideal geeignet f r Leser ohne Vorkenntnisse. Komplexe Themen werden einfach, verst ndlich und anhand einer F lle von praktischem Beispielmaterial dargestellt. Eine unverzichtbare Lekt re f r alle, die eine fundierte Einf hrung in Anleihen und Swaps suchen.
Synopsis
Pricing Money provides a highly practical introduction to the principles of bonds and fixed income and is aimed at readers who have little prior knowledge.
The book is written in a style that is not overly mathematical or theoretical but takes a practical approach focusing on the aspects of pricing and trading fixed-income securities that are most relevant to the day-to-day activities of people working in the markets.
Starting at a basic level the author explains the concepts and principles behind fixed income in an informative way using every day examples that can be understood by the layman. It includes a listing of the terms used; the rules and conventions; the techniques for valuation and pricing and a description of the different roles within the industry. This book will be an excellent training tool for new recruits to the financial markets.
Synopsis
This book is an introduction to the markets in deposits, bonds, futures and swaps. It explains the purpose and design of these financial instruments, and how they are used by the various players in the financial system.
The book is for new recruits and potential new recruits in financial markets, as well as accountants, lawyers, and those wishing to understand the basic principles of finance. The author's engaging, accessible and non-mathematical style is comprehensible by those with no prior financial knowledge.
About the Author
J.D.A. WISEMAN is a bond and swap trader at Credit Suisse First Boston, having previously been an analyst there and at J.P. Morgan. The author read mathematics at Queens' College, Cambridge, and lives in London.
Table of Contents
Preface.
Acknowledgments.
PART I: A BEGINNER'S TOOLKIT.
Money Markets.
Government Bonds.
Futures.
Swaps.
Options.
Foreign Exchange.
Players.
People.
Price Action
PART II: MORE DETAIL.
Swaps Revisted.
Non-Government Issuance.
Yield, Duration, Repo and Forward Bond Prices.
Bond Futures.
Basic Fixed-Income Arithmetic.
Index.