Trading the Fixed Income, Inflation and Credit Markets

Trading the Fixed Income, Inflation and Credit Markets
Author: Neil C. Schofield
Publisher: John Wiley & Sons
Total Pages: 324
Release: 2011-10-03
Genre: Business & Economics
ISBN: 1119960770

Trading the Fixed Income, Inflation and Credit Markets is a comprehensive guide to the most popular strategies that are used in the wholesale financial markets, answering the question: what is the optimal way to express a view on expected market movements? This relatively unique approach to relative value highlights the pricing links between the different products and how these relationships can be used as the basis for a number of trading strategies. The book begins by looking at the main derivative products and their pricing interrelationships. It shows that within any asset class there are mathematical relationships that tie together four key building blocks: cash products, forwards/futures, swaps and options. The nature of these interrelationships means that there may be a variety of different ways in which a particular strategy can be expressed. It then moves on to relative value within a fixed income context and looks at strategies that build on the pricing relationships between products as well as those that focus on how to identify the optimal way to express a view on the movement of the yield curve. It concludes by taking the main themes of relative value and showing how they can be applied within other asset classes. Although the main focus is fixed income the book does cover multiple asset classes including credit and inflation. Written from a practitioner's perspective, the book illustrates how the products are used by including many worked examples and a number of screenshots to ensure that the content is as practical and applied as possible.

Inflation Markets

Inflation Markets
Author: Paul Canty
Publisher:
Total Pages: 364
Release: 2012
Genre: Inflation (Finance)
ISBN: 9781906348755

A timely and much needed resource for those new to the topic and the market from a variety of backgrounds. The book provides you with a complete and consistent framework in which to understand and analyse inflation markets, you will gain invaluable practical knowledge of managing and hedging inflation risks.

Explore TIPS

Explore TIPS
Author: The Finance Buff
Publisher: Createspace Independent Publishing Platform
Total Pages: 0
Release: 2010-03-16
Genre: Government securities
ISBN: 9781449975906

Learn anything and everything about TIPS -- the inflation indexed bonds. Written for retail investors from the author's real-world experience, Explore TIPS gives you all the details about investing TIPS other books only gloss over. Starting from the very basics, what TIPS are and how they work, the book guides you through * How to invest in TIPS through mutual funds and ETFs* How to buy individual TIPS directly from the U.S. Treasury* How to buy TIPS on the secondary market* TIPS strategiesThe book also includes many tools the author created for aiding the decision making.

Inflation-indexed Securities

Inflation-indexed Securities
Author: Mark Deacon
Publisher: John Wiley & Sons
Total Pages: 360
Release: 2004-04-21
Genre: Business & Economics
ISBN: 0470868988

The global market for inflation-indexed securities has ballooned in recent years, and this trend is set to continue. This book examines the rationale behind issuance and investment decisions, and details the issues facing anyone who designs indexed securities, illustrating them wherever possible with actual examples from the international capital markets. In particular, an extensive review of indexed debt markets throughout the world is provided - including for the first time, a comprehensive and consistent set of cash flow and price-yield equations for the instruments already in existence in the major bond markets - forming an important reference for those already experienced in the field, as well as practitioners and academics approaching the subject for the first time. The book also provides unique insight into the development of inflation-indexed derivative products, and the analytical tools required to value such instruments.

Consumer Price Index Manual

Consumer Price Index Manual
Author: International Labour Office
Publisher: International Labour Organization
Total Pages: 578
Release: 2004-08-25
Genre: Business & Economics
ISBN: 9789221136996

The consumer price index (CPI) measures the rate at which prices of consumer goods and services change over time. It is used as a key indicator of economic performance, as well as in the setting of monetary and socio-economic policy such as indexation of wages and social security benefits, purchasing power parities and inflation measures. This manual contains methodological guidelines for statistical offices and other agencies responsible for constructing and calculating CPIs, and also examines underlying economic and statistical concepts involved. Topics covered include: expenditure weights, sampling, price collection, quality adjustment, sampling, price indices calculations, errors and bias, organisation and management, dissemination, index number theory, durables and user costs.

Derivatives Pricing and Modeling

Derivatives Pricing and Modeling
Author: Jonathan Batten
Publisher: Emerald Group Publishing
Total Pages: 446
Release: 2012-07-02
Genre: Business & Economics
ISBN: 1780526172

Highlights research in derivatives modelling and markets in a post-crisis world across a number of dimensions or themes. This book addresses the following main areas: derivatives models and pricing, model application and performance backtesting, and new products and market features.

Risk Less and Prosper

Risk Less and Prosper
Author: Zvi Bodie
Publisher: John Wiley & Sons
Total Pages: 227
Release: 2011-12-27
Genre: Business & Economics
ISBN: 1118014308

A practical guide to getting personal investing right Somewhere along the way, something has gone very wrong with the way individuals save and invest. Too often, households are drawn in by promotional suggestions masquerading as impartial investment advice. Consumers get saddled with more risk than they realize. Authors Zvi Bodie and Rachelle Taqqu understand the dilemma that today's investors face, and with Risk Less and Prosper they will help you find your financial footing. Written in an accessible style, this practical guide skillfully explains why personal investing is all about you—your goals, your values and your career path. It shows how to understand investment risk and choose the particular blend of risk and safety that is right for you. And it lays out several simple yet powerful ways for small investors to cast a reliable safety net to achieve their financial goals and truly prosper. Coauthors Bodie and Taqqu challenge the myth that all investments require risk, then highlight some important risks that families often disregard when deciding where to put their money. Later, they connect the dots between investment and investor, showing us all how to grasp our own investment risk profiles and how we may use these insights to make more fitting investment choices. Outlines a straightforward way to invest by aligning your investments with your goals and the risk levels you can bear Provides basic investment abc's for readers who are otherwise literate Lays out a simple, actionable plan for achieving your goals Explains the role of risk-free assets and investment insurance in assuring that you reach your most essential goals Contrary to popular belief, investing doesn't have to be complicated. You can build wealth without taking great risks. Risk Less and Prosper will show you how to make investment decisions that will make your financial life less stressful and more profitable.

Inflation-Linked Bonds and Derivatives

Inflation-Linked Bonds and Derivatives
Author: Jessica James
Publisher: Walter de Gruyter GmbH & Co KG
Total Pages: 132
Release: 2023-01-30
Genre: Business & Economics
ISBN: 3110787423

Disruptions in supply chains and consumption patterns triggered by the pandemic together with stimulus packages and the energy crisis have catapulted inflation rates to levels last seen in the 1970s. For inflation markets, it’s hard to understate this sudden and enormous change in fortunes. Understanding the future evolution of consumer prices has become crucial for investors across all asset classes as central banks tailor their policy responses with a view to anchoring inflation expectations. Inflation-Linked Bonds and Derivatives condenses more than 15 years of dedicated coverage of inflation markets. It provides investors, issuers and policy makers with all the relevant tools to navigate inflation markets, starting with the nuts and bolts of consumer price indices, forwards, carry and trading strategies, to advanced topics like seasonality adjustments and the use of inflation options. With its many illustrative graphs and tabulated data, this exceptional book will benefit traders, corporate treasury departments, fixed income investors, insurance companies and pension funds executives.

The Only Guide to Alternative Investments You'll Ever Need

The Only Guide to Alternative Investments You'll Ever Need
Author: Larry E. Swedroe
Publisher: John Wiley and Sons
Total Pages: 238
Release: 2010-05-13
Genre: Business & Economics
ISBN: 0470885335

The rewards of carefully chosen alternative investments can be great. But many investors don’t know enough about unfamiliar investments to make wise choices. For that reason, financial advisers Larry Swedroe and Jared Kizer designed this book to bring investors up to speed on the twenty most popular alternative investments: Real estate, Inflation-protected securities, Commodities, International equities, Fixed annuities, Stable-value funds, High-yield (junk) bonds, Private equity (venture capital), Covered calls, Socially responsible mutual funds, Precious metals equities, Preferred stocks, Convertible bonds, Emerging market bonds, Hedge funds, Leveraged buyouts, Variable annuities, Equity-indexed annuities, Structured investment products, Leveraged funds The authors describe how the investments work, the pros and cons of each, which to consider, which to avoid, and how to get started. Swedroe and Kizer evaluate each investment in terms of: Expected returns Volatility Distribution of returns Diversification potential Fees Trading and operating expenses Liquidity Tax efficiency Account location Role in an asset-allocation program Any investor who is considering or just curious about investment opportunities outside the traditional world of stocks, bonds, and bank certificates of deposit would be well-advised to read this book.

The Only Guide to a Winning Bond Strategy You'll Ever Need

The Only Guide to a Winning Bond Strategy You'll Ever Need
Author: Larry E. Swedroe
Publisher: Truman Talley Books
Total Pages: 273
Release: 2007-04-01
Genre: Education
ISBN: 1429909390

Larry Swedroe, the author of The Only Guide to a Winning Investment Strategy You'll Ever Need, has collaborated with Joe H. Hempen to create an up-to-date book on how to invest in today's bond market that covers a range of issues pertinent to any bond investor today including: bond-speak, the risks of fixed income investing, mortgage-backed securities, and municipal bonds. The Only Guide to a Winning Bond Strategy You'll Ever Need is a no-nonsense handbook with all the information necessary to design and construct your fixed income portfolio. In this day and age of shaky stocks and economic unpredictability, The Only Guide to a Winning Bond Strategy You'll Ever Need is a crucial tool for any investor looking to safeguard their money.