Fixed-Income Securities and Derivatives Handbook: Analysis and Valuation

Regulatory changes, volatile markets, incalculable valuations, mark-to-market accounting: these are just a few of the dramatic changes to occur since the great credit crash of 2008. In this fully updated and expanded post-crash edition of the handbook, Moorad Choudhry explains the new regulatory twists affecting the fixed-income market, the evolving derivatives market, as well as new instruments and opportunities in the bond market. A mix of practical tips and academic theory, the second edition includes new material on covered bonds, credit derivatives, convertible bonds, swaps, synthetic securitization, bond portfolio management, and more.

Moorad Choudhry runs the Treasury desk at KBC Financial Products, the London-based derivatives subsidiary of KBC Bank N.V., a major European financial-services company. Formerly a vice president with JPMorgan Chase's Structured Finance Services group, he has also worked as a gilt-edged market-maker and Treasury trader at ABN Amro Hoare Govett Sterling Bonds Limited and as a sterling proprietary trader at Hambros Bank. He is a fellow of the Securities & Investment Institute and a visiting professor at the Department of Economics, London Metropolitan University. Choudhry is a sought-after conference participant, and his published work includes journal articles and books, including The Handbook of European Fixed Income Securities, written with Frank J. Fabozzi.