The Bonds Of Trade

Author : Christina I. Ray
Publisher : McGraw-Hill Trade
Page : 600 pages
File Size : 51,8 Mb
Release : 1993
Category : Business & Economics
ISBN : UIUC:30112085853056

Get Book

The Bond Market by Christina I. Ray Pdf

Corporate and federal debt has increased over 350% in the last four years, accompanied by an explosion in the use of complex derivative products. To cope with this new market, fixed income traders - and the tools and techniques they use - have become increasingly sophisticated. There is an urgent need for a high-quality reference book on managing interest rate risk and on the primary and secondary markets for the outstanding bonds worth trillions of dollars. The Bond Market is a thorough guide to the mechanics of the market for U.S. Treasury securities and their derivative products. It explains the art and science of trading bonds for maximum profit with controlled risk, and illustrates how the best traders apply sound theoretical techniques under battlefield conditions. This is a valuable resource for readers with no prior knowledge of the bond market, as well as those who want to enhance their understanding of bond theory with real-life trading tools and techniques. The Bond Market looks at the big picture while focusing on important details. Based on her extensive trading experience, Christina I. Ray covers bond market basics and bond trading strategies, and provides an overview of the bond trading business. This one-of-a-kind reference shows readers how traders use mathematics to construct positions, in bonds or their derivatives, suitable for different market conditions and their own market risks; how traders determine the value of different securities and answers the critical question: Is bond movement random or can it be forecast? and the consistent approaches used by long-lived traders that readers can apply quantitatively to analyze the risk-reward profile of any position.

Author : Annette Thau
Publisher : McGraw Hill Professional
Page : 448 pages
File Size : 46,6 Mb
Release : 2010-04-20
Category : Business & Economics
ISBN : 9780071713092

Get Book

The Bond Book, Third Edition: Everything Investors Need to Know About Treasuries, Municipals, GNMAs, Corporates, Zeros, Bond Funds, Money Market Funds, and More by Annette Thau Pdf

Everything on Treasuries, munis,bond funds, and more! The bond buyer’s answer book—updated for the new economy “As in the first two editions, this third edition of The Bond Book continues to be the idealreference for the individual investor. It has all the necessary details, well explained andillustrated without excessive mathematics. In addition to providing this essential content, itis extremely well written.” —James B. Cloonan, Chairman, American Association of Individual Investors “Annette Thau makes the bond market interesting, approachable, and clear. As much asinvestors will continue to depend on fixed-income securities during their retirement years,they’ll need an insightful guide that ensures they’re appropriately educated and served.The Bond Book does just that.” —Jeff Tjornejoh, Research Director, U.S. and Canada, Lipper, Thomson Reuters “Not only a practical and easy-to-understand guide for the novice, but also a comprehensivereference for professionals. Annette Thau provides the steps to climb to the top of the bondinvestment ladder. The Bond Book should be a permanent fixture in any investment library!” —Thomas J. Herzfeld, President, Thomas Herzfeld Advisors, Inc. “If the financial crisis of recent years has taught us anything, it’s buyer beware. Fact is, bondscan be just as risky as stocks. That’s why Annette Thau’s new edition of The Bond Book isessential reading for investors who want to know exactly what’s in their portfolios. It alsoserves as an excellent guide for those of us who are getting older and need to diversify intofixed income.” —Jean Gruss, Southwest Florida Editor, Gulf Coast Business Review, andformer Managing Editor, Kiplinger’s Retirement Report About the Book The financial crisis of 2008 causedmajor disruptions to every sector ofthe bond market and left even the savviestinvestors confused about the safety oftheir investments. To serve these investors andanyone looking to explore opportunities infixed-income investing, former bond analystAnnette Thau builds on the features and authoritythat made the first two editions bestsellersin the thoroughly revised, updated, andexpanded third edition of The Bond Book. This is a one-stop resource for both seasonedbond investors looking for the latest informationon the fixed-income market and equitiesinvestors planning to diversify their holdings.Writing in plain English, Thau presentscutting-edge strategies for making the bestbond-investing decisions, while explaininghow to assess risks and opportunities. She alsoincludes up-to-date listings of online resourceswith bond prices and other information.Look to this all-in-one guide for information onsuch critical topics as: Buying individual bonds or bond funds The ins and outs of open-end funds,closed-end funds, and exchangetradedfunds (ETFs) The new landscape for municipal bonds:the changed rating scales, the neardemise of bond insurance, andBuild America Bonds (BABs) The safest bond funds Junk bonds (and emerging market bonds) Buying Treasuries without payinga commission From how bonds work to how to buy and sellthem to what to expect from them, The BondBook, third edition, is a must-read for individualinvestors and financial advisers who wantto enhance the fixed-income allocation of theirportfolios.

Author : Richard Wyckoff
Publisher : Wyatt North Publishing, LLC
Page : 152 pages
File Size : 54,7 Mb
Release : 2020-05-07
Category : Business & Economics
ISBN : 9781647980962

Get Book

How I Trade and Invest in Stocks and Bonds by Richard Wyckoff Pdf

The goal of this book is the thousands of new investors who find the securities market a vast, technical machine, too complex to be understood by many. It has been my effort to do away with this impression—to emphasize the fact that, in Wall Street as anywhere else, the chief essential is common sense,coupled with study and practical experience. I have attempted to outline the requirements for success in this field in a way that will be understandable to all. Chapters include "The Truth About Averaging Down", "Unearthing Profitable Opportunities", "Safeguarding Your Capital", and more.

Author : Richard D. Wyckoff
Publisher : Forgotten Books
Page : 216 pages
File Size : 46,9 Mb
Release : 2017-10-17
Category : Business & Economics
ISBN : 152794865X

Get Book

How I Trade and Invest in Stocks and Bonds by Richard D. Wyckoff Pdf

Excerpt from How I Trade and Invest in Stocks and Bonds: Being Some Methods Evolved and Adopted During My Thirty-Three Years Experience in Wall Street During the last thirty-three years I have been a persistent student of the security markets. AS a member of several Stock Exchange firms, as a bond dealer, trader and investor, I have come into active contact with many thousands of those who are executing orders and handling markets, as Well as those who deal in such mar kets, namely traders and investors. For the past fifteen years I have edited and published The Magazine of Wall Street, which at this writing has the largest Circulation of any financial publication in the world. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Author : Robert Zipf
Publisher : Prentice Hall Press
Page : 276 pages
File Size : 42,9 Mb
Release : 1997
Category : Business & Economics
ISBN : MINN:31951P005719914

Get Book

How the Bond Market Works by Robert Zipf Pdf

How the Bond Market Works provides all the insight and guidance you need to benefit from this popular investment vehicle. First published in 1988, this popular guide has gone into 10 sell-out printings.

Author : Moorad Choudhry
Publisher : Butterworth-Heinemann
Page : 1152 pages
File Size : 45,6 Mb
Release : 2003-07-04
Category : Business & Economics
ISBN : 9780080574936

Get Book

Bond and Money Markets by Moorad Choudhry Pdf

The Bond and Money Markets is an invaluable reference to all aspects of fixed income markets and instruments. It is highly regarded as an introduction and an advanced text for professionals and graduate students. Features comprehensive coverage of: * Government and Corporate bonds, Eurobonds, callable bonds, convertibles * Asset-backed bonds including mortgages and CDOs * Derivative instruments including futures, swaps, options, structured products * Interest-rate risk, duration analysis, convexity, and the convexity bias * The money markets, repo markets, basis trading, and asset/liability management * Term structure models, estimating and interpreting the yield curve * Portfolio management and strategies,total return framework, constructing bond indices * A stand alone reference book on interest rate swaps, the money markets, financial market mathematics, interest-rate futures and technical analysis * Includes introductory coverage of very specialised topics (for which one previously required several texts) such as VaR, Asset & liability management and credit derivatives * Combines accessible style with advanced level topics

Author : Mika Kallioinen
Publisher : Cambridge Scholars Publishing
Page : 205 pages
File Size : 45,8 Mb
Release : 2012-11-16
Category : History
ISBN : 9781443843195

Get Book

The Bonds of Trade by Mika Kallioinen Pdf

Pre-modern, long-distance trade was conducted in a highly complex and uncertain environment. Aside from the lack of personal security, trade was characterized by slow communication, asymmetric information, and limited contract enforceability. There was no state, in the modern sense, to protect merchants. Despite these overwhelming problems, trade, and even overseas trade, flourished in medieval and early modern Europe. This book explores this paradox: how could trade thrive and the economy expand under uncertainties of many kinds? Over the past two or three decades, enormous advances have been made in explaining how institutions support the economy. This book contributes to the intense discussion about institutions and institutional change. It builds on the careful examination of long-distance trade in the Baltic Sea region over a long period of time and presents a new method to identify past institutions. It challenges previous attempts to explain the pre-modern expansion of trade by institutions that governed intra-group relations. Mika Kallioinen argues that the fundamental problem of institutional development was how to create institutions that could advance a regularity of behavior between a large number of distant communities and between merchants who did not necessarily know one another. The question was how to provide security and enhance trust when trading crossed the geographical, cultural, and political boundaries that separated communities. This book extends the limits of our understanding of such inter-community institutions and their implications for later economic development.

Author : Moorad Choudhry,David Moskovic,Max Wong
Publisher : John Wiley & Sons
Page : 708 pages
File Size : 50,6 Mb
Release : 2014-06-17
Category : Business & Economics
ISBN : 9781118171752

Get Book

Fixed Income Markets by Moorad Choudhry,David Moskovic,Max Wong Pdf

A comprehensive, in-depth look at global debt capital markets in the post-crisis world Fully updated with comprehensive coverage of the post-crisis debt markets and their impact on key industry issues, Fixed Income Markets: Management, Trading, and Hedging, Second Edition offers insights into derivative pricing, cross-currency hedging, and new liquidity legislation. Written by Choudhry, Moskovic, and Wong, Fixed Income Markets is an indispensable read for anyone working in bond markets, interest-rate markets, and credit derivatives markets looking to better understand today's debt markets. This acclaimed book takes a unique look into the leading practices in bond markets as well as post-credit-crunch impacts on pricing that are rarely captured in textbooks. The new edition provides expanded coverage on a wide range of topics within hedging, derivatives, bonds, rebalancing, and global debt capital markets. New topics include: Dynamic hedging practices and cross-currency hedging Collateralized and uncollateralized derivatives, and their impact on valuation Callable bonds, pricing, trading, and regulatory aspects related to liquidity Rebalancing as a method for capturing contingencies and other complex imbedded risks As a bonus, the book includes reference information for statistical concepts and fixed income pricing, as well as a full glossary and index. Written in Choudhry's usual accessible style, Fixed Income Markets is a comprehensive and in-depth account of the global debt capital markets in today's post-crisis world.

Author : Richard D. Wyckoff
Publisher : Unknown
Page : 74 pages
File Size : 48,8 Mb
Release : 2019-09-26
Category : Electronic
ISBN : 1789871360

Get Book

How I Trade and Invest in Stocks and Bonds by Richard D. Wyckoff Pdf

Renowned stock and bond trader Richard D. Wyckoff explains the philosophy and techniques he used to successfully trade on the markets. Using many examples from his life, the author explores how to find value investments, how to evaluate market sentiment, and how to pick stocks from an investing - long term - perspective and a shorter term, trading perspective. This book is imbued with decades of experience, Richard Wyckoff being a Wall Street figure of substantial renown who associated with Jesse L. Livermore and other famous figures of the 1920s boom era. Wyckoff's portfolio expertise was in mining, railroads and the then-emergent automotive sector. His ideas on following the market remain current to this day; the psychology of those who trade, and the influence that rumor or mood on a giving trading day carry, are a frequent theme. Wyckoff encourages the reader to investigate not merely the published fundamentals of a company, but the integrity and past records of those heading a given company; thus an estimate of value is truer to reality, and whether a stock is a reasonably priced bargain or not is determined with greater accuracy.

Author : Doudou Diène
Publisher : Berghahn Books
Page : 500 pages
File Size : 51,9 Mb
Release : 2001
Category : History
ISBN : 1571812660

Get Book

From Chains to Bonds by Doudou Diène Pdf

A collection of 38 papers from the Ouidah Conference held in September 1994 in Ouidah, Benin as the launching conference for UNESCO's international Slave Route Project.

Author : Richard Wyckoff
Publisher : Unknown
Page : 99 pages
File Size : 55,6 Mb
Release : 2021-09-15
Category : Electronic
ISBN : 9798477892891

Get Book

How I Trade and Invest in Stocks and Bonds (Illustrated) by Richard Wyckoff Pdf

Recognized as the foremost authority on investments and investment methods in his time, Richard Wyckoff discloses his trading strategies, rules, and techniques, and outlines the requirements for success. In this illustrated edition of a 1922 trading classic, technical analysis titan, and author of "Studies in Tape Reading", "Stock Market Technique" and "My Secrets of Day Trading in Stocks", Richard Demille Wykoff delivers 31 years of market wizdom and timeless trading knowledge. Memorable Illustrations and fascinating historical references, capture the look and feel of the time, as Wyckoff takes you on a personal journey through the stock and bond markets of the early 1900's, describing in detail how he developed his methods of trading and investing. Filled with in-depth insights and practical advice, this book is a must-read for new and experienced investors alike. Inside Wyckoff explains: The Fundamentals of Successful Investing How to Study the Price-Action of Individual Stocks How to Make the Most from Your Capital The Pitfalls All Traders Should Avoid But Which Most Don't How to Guard Against Serious Losses Why the Average Trader Fails and What Unsuccessful Traders Should Do How to Capitalize on Your Mistakes And so much more!

Author : Richard DeMille Wyckoff
Publisher : Andesite Press
Page : 224 pages
File Size : 52,9 Mb
Release : 2015-08-08
Category : Electronic
ISBN : 1297529618

Get Book

How I Trade and Invest in Stocks and Bonds by Richard DeMille Wyckoff Pdf

This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.

Author : Moorad Choudhry
Publisher : John Wiley & Sons
Page : 486 pages
File Size : 43,7 Mb
Release : 2010-10-12
Category : Business & Economics
ISBN : 9780470976289

Get Book

An Introduction to Bond Markets by Moorad Choudhry Pdf

The bond markets are a vital part of the world economy. The fourth edition of Professor Moorad Choudhry's benchmark reference text An Introduction to Bond Markets brings readers up to date with latest developments and market practice, including the impact of the financial crisis and issues of relevance for investors. This book offers a detailed yet accessible look at bond instruments, and is aimed specifically at newcomers to the market or those unfamiliar with modern fixed income products. The author capitalises on his wealth of experience in the fixed income markets to present this concise yet in-depth coverage of bonds and associated derivatives. Topics covered include: Bond pricing and yield Duration and convexity Eurobonds and convertible bonds Structured finance securities Interest-rate derivatives Credit derivatives Relative value trading Related topics such as the money markets and principles of risk management are also introduced as necessary background for students and practitioners. The book is essential reading for all those who require an introduction to the financial markets.

Author : Mark Shenkman,Theodore M. Barnhill,William Maxwell
Publisher : McGraw Hill Professional
Page : 614 pages
File Size : 52,9 Mb
Release : 1999
Category : Business & Economics
ISBN : 0071376968

Get Book

HIGH YIELD BONDS by Mark Shenkman,Theodore M. Barnhill,William Maxwell Pdf

HIGH-YIELD BONDS provides state-of-the-art research, strategies, and toolsÑalongside the expert analysis of respected authorities including Edward Altman of New York UniversityÕs Salomon Center, Lea Carty of MoodyÕs Investor Service, Sam DeRosa-Farag of Donaldson, Lufkin & Jenrette, Martin Fridson of Merrill Lynch & Company, Stuart Gilson of Harvard University, Robert Kricheff of CS First Boston, and Frank Reilly of the University of Notre DameÑto help you truly understand todayÕs high-yield market. For added value and ease of reference, this high-level one-volume encyclopedia is divided into seven sections detailing virtually every aspect of high-yield bond investment. They include: Market structureÑThe role of investment banks in security innovation and market development, evolution of analytical methodologies, and recent leveraged loan market developments; Security risk analysisÑHistorical bond default rates, real interest rate and default rate relationships, and new simulation methodologies for modeling credit quality; Security valuationÑImpact of seniority and security on bond pricing and return, important trading factors, and a Monte Carlo simulation methodology for valuing bonds and options in the context of correlated interest rate and credit risk; Market valuation modelsÑEconometric studies which detail the importance of monetary influences, risk-free interest rates, default rates, mutual fund flows, and seasonal fluctuations; Portfolio managementÑHistorical perspective and comparison to alternative investments, analysis of indices available to investors, and specific portfolio selection and risk management strategies of professional fund managers; Distressed security investingÑHistorical risk and return information, plus an academic overview of the market and decision criteria for uncovering and investing in securities with higher-than-average risk-adjusted returns; Corporate finance considerationsÑEmerging firmsÕ strategic choice between external debt and equity financing, as well as the choice of issuing public versus private (Rule-144a) securities. HIGH-YIELD BONDS provides extensive coverage of bond valuation and the construction and management of high-yield portfolios. Advanced Monte Carlo simulation models for the valuation of bonds and options on bonds as well as risk assessments on portfolios of bonds under conditions of correlated interest rate and credit risk are demonstrated. In todayÕs explosive environment of multiple new issues and high risk versus return relationships, it is paramount that you get advice from analysts and experts who have been influential in shaping and defining the market. HIGH-YIELD BONDS will provide you with a valuable reference to this fascinating and constantly changing class of securities, helping you assemble a stable, diversified portfolio of fixed income investments that provides the greatest returns and the lowest risks.

Author : Anonim
Publisher : Lulu.com
Page : 294 pages
File Size : 41,8 Mb
Release : 2004
Category : Bank capital
ISBN : 9789291316694

Get Book

International Convergence of Capital Measurement and Capital Standards by Anonim Pdf