Trading the Fixed Income, Inflation and Credit Markets
A Relative Value Guide
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Beschreibung
Trading the Fixed Income, Inflation and Credit Markets is acomprehensive guide to the most popular strategies that are used inthe wholesale financial markets, answering the question: what isthe optimal way to express a view on expected market movements?This relatively unique approach to relative value highlights thepricing links between the different products and how theserelationships can be used as the basis for a number of tradingstrategies.
The book begins by looking at the main derivative products andtheir pricing interrelationships. It shows that within any assetclass there are mathematical relationships that tie together fourkey building blocks: cash products, forwards/futures, swaps andoptions. The nature of these interrelationships means that theremay be a variety of different ways in which a particular strategycan be expressed. It then moves on to relative value within a fixedincome context and looks at strategies that build on the pricingrelationships between products as well as those that focus on howto identify the optimal way to express a view on the movement ofthe yield curve. It concludes by taking the main themes of relativevalue and showing how they can be applied within other assetclasses. Although the main focus is fixed income the book doescover multiple asset classes including credit and inflation.
Written from a practitioner's perspective, the book illustrateshow the products are used by including many worked examples and anumber of screenshots to ensure that the content is as practicaland applied as possible.
Autor*in
Neil C. Schofield
Themen in »Trading the Fixed Income, Inflation and Credit Markets«
Finance & Investments Finanz- u. Anlagewesen Finanzmarkt Investments & Securities Kapitalanlagen u. Wertpapiere