This book is virtually a stand alone reference book on interest rate swaps, the money markets, financial market mathematics, interest-rate futures and technical analysis Includes some introductory coverage of very specialised topics (for which one requires specialised texts) such as VaR, Asset & liability management, credit derivativesCombines accessible style with advanced level topics, plus review of latest research “Moorad is a master of his subject. He is a rare financial markets author, in being both highly readable and yet still informative to practitioners. The academic will find a lot to admire in this comprehensive and lucid guide. The reader will come to treat this book as his bible.” - David Wileman, CEO, King & Shaxson Bond Brokers Limited, Old Mutual plc.“Moorad has written an excellent handbook on fixed income markets. It provides a broad ranging practitioner’s guide to all instruments and trading approaches that make fixed income an exciting market.” - Jan Loeys, Global Head of Fixed Income Research, J.P.Morgan & Co.“The Author writes very lucidly on fixed income issues and combines mathematics and text very effectively. I found the chapters interesting and easy to read.”- Dr Stephen Satchell, Fellow of Trinity College, a Reader in Financial Econometrics at the University of Cambridge, and Visiting Professor at Birkbeck College, City University Business School.“In the ‘Bond and Money Markets’, Moorad Choudhry has managed to combine the clarity of explanation vital to students of the subject with sufficient content and detail to ensure that even the experienced practitioner will find this book an invaluable asset. To have covered such a complex area so effectively within one reference book is a notable achievement, to have done so with such obvious enthusiasm only adds to the excellence of this work.” - Martin Barber, Partner, Financial Services, KPMG Consulting.“A fantastic achievement and set to become the premier reference on global debt capital markets. Written in the author’s trademark accessible style, this is a superlative and enthusiastic contribution to the financial economics literature.” – Daniel Shakhani, Global Credit Strategy, Goldman Sachs International.“After spending a lifetime reading dry prose in capital markets texts, this is like a fresh breeze from an author with knowledge and experience. The conversational style, real worked examples and excellent illustrations make the understanding of complex issues very easy. In my opinion everyone from market professionals to market novices will find something of great value in this book, and most will end up with a well thumbed copy.”- Pantea Rezaifard, Vice President, Corporate and Sovereign Trading, Merrill Lynch.The book explains and analyses all aspects of the bond and money markets and is both an introduction for newcomers and an advanced text for experienced market practitioners and graduate students. Those with experience of the industry at all levels will find the book invaluable as a standard reference work. - Securities & Investment Review, July-Aug 01A near-encyclopaedic reference work written like a thriller…“After spending a lifetime reading dry prose in capital markets texts, this is like a fresh breeze from an author with knowledge and experience. Swaps - I finally get them. The conversational style and ample examples and illustrations make the understanding of some complex issues very easy. I suggest that every market pro will find something of use and most will end up with a well thumbed copy. Even novices will find this extremely useful.”Five Star Customer Review on Amazon.co.ukThe Bond Market Bible - covers a complex market in detail…“This is something we've all been waiting for -normally you would have to buy several different books to cover the important areas - but this book really is a one-stop-shop. I find it very useful as a teacher and a reference guide, and because of its excellent holistic approach, it took me from basics to some very sophisticated analysis in a relatively easy manner. Recommended. Four Star Customer Review on Amazon.co.uk An Impressive Reference Work“This is an impressive work…commands respect on any finance professional's or student's bookshelf. There is coverage on just about every facet of the debt marekt... areas where the author has actual trading experience, such as UK gilts, are covered in great detail, as is bond trading strategy in chapter 50. This chapter also has the best explanation of the mathematics of spot and forward rates that I have seen. For me, the most useful part of the book was the treatment of interest rate models, made accessible by a good introduction aimed at non-mathematicians, and the use of diagrams and example illustrations. The chapters on swaps was also well presented, and (again, reflecting his own trading experience) the chapters on repo and money markets very comprehensive. This is perhaps the book's biggest asset, the coverage of all these areas in one volume.” ..... well worth purchasing.Five star customer review on Amazon.co.uk An amazing, unbelievably thorough book on BondsImpressive, very easy to read, everything you need to know about bonds, markets & valuation. Also great on side issues like risk & financial maths. This has to be required reading for market staff. Amazing effort... Fantastic, worth every penny.Five Star Customer Review on Amazon.co.ukBoth an intro for newcomers & advanced text for experiencedThe coverage of this book is wide from the plain vanilla to the more exotic asset backed security. It's depth & precision become quickly apparent from opening the book at any page. Moorad's style & direction has succeeded in cutting through the complexities like a well angled bladed.Four Star Customer Review on Amazon.co.ukEffective and informative...An in-depth study of the Bond and Money Markets, has ability to give the most basic students a good understanding yet still keep more advanced pupils occupied.Customer review on Amazon.com, a customer from The City of LondonFour stars! Set to be THE leading bond market reference: impressive...This is an impressive work, the encyclopaedia of the bond markets. It takes the reader from the very basics to advanced fixed income analytics, leaving nothing out. Just about every subject, from basics of financial maths, duration and so on to yield curve hypotheses, interest rate derivatives, portfolio management and so on, it's all here. Brilliant, well worth buying, whether you are a student or banker.Customer review on Amazon.com, a customer from Bonn, Germany. In brief The Bond and Money Markets: Strategy, Trading, Analysis explains and analyses all aspects of the bond and money markets and is both an introduction for newcomers and an advanced text for experienced market practitioners and graduate students. Those with experience of the industry at all levels will find the book invaluable as a standard reference work. The book features coverage of:Government and Corporate bonds, Eurobonds, callable bonds, convertiblesAsset-backed bonds including mortgages and CDOsDerivative instruments including bond futures, swaps, options, structured products, and option valuation modelsInterest-rate risk, duration analysis, convexity, and the convexity biasThe money markets, repo markets, basis trading, and asset / liability managementTerm structure models, estimating and interpreting the yield curve Portfolio management, including total return framework, portfolio strategies, and constructing bond indicesand valuable insight into:Trading and hedging strategyCharting and technical analysisThe latest market developments, such as value-at-risk, and credit derivativesEmerging markets and the benefits of international investmentThe Bond and Money Markets: Strategy, Trading, Analysis is aimed at a wide readership including bond salespersons, traders, corporate financiers and graduate trainees, as well as risk managers, operations professionals and business analysts. Other market participants including fund managers, corporate treasurers, management consultants, regulators and financial journalists will also find the content useful.Contents  Foreword, Preface, Introduction to bonds - Intro to bonds, Financial market arithmetic, The pricing of bonds, Bond yields, Review of bond market instruments, The yield curve, Price, yield and interest rate risk I, Price, yield and interest rate risk II, Price, yield and interest rate III, Price, yield and interest rate IV, Government bond markets - The gilt market, The US treasury market, International bond markets, Corporate debt markets - Corporate bonds I, Callable bonds and OAS analysis, Convertible bond markets I, Convertible bond markets II, The Eurobond market I, The Eurobond market II, Warrants, MTNs, Commercial paper, Prefs, US Municipal, Asset backed bonds I, Mortgage backed bonds II, Asset backed bonds III, High-yield bonds, Credit analysis, The money markets - Money markets, Capital and regulatory requirements, Asset and liability management, Repo, Money market derivative, Risk management - Intro to risk, VaR, Fixed income modelling, Derivative instruments - Swaps I, Swaps II, Bond futures, Options I, Stochastic processes, Option pricing, The binomial model, Bond option models, The Greeks, Strategy and uses, Exotic options, Trading and hedging - Trading and hedging, Advanced fixed income analytics, Modelling, Yield curve modelling I, Yield curve modelling II, Estimating and fitting the yield curve, I-L bonds analysis, Pricing long-dated bonds, Portfolio management - International investing, Constructing bond indices, Technical analysis - Technical analysis, Introduction to credit derivatives - Credit derivatives, Emerging markets - Brady bonds, International investing, Concluding remarks. Readership: Professionals in Financial Services and Capital Markets, e.g. Investment Bankers, Traders, Structured Financiers, Research Analysts, Fund Managers, Corporate Treasurers. As a reference book for students studying for Business and Finance related postgraduate degrees, MBA students, masters of finance students, those studying for professional qualifications such as CFA, ACT, IIMR, ACIB, Securities Institute, ACCA.