Analysing and Interpreting the Yield Curve
暫譯: 分析與詮釋收益曲線

Choudhry, Moorad

Analysing and Interpreting the Yield Curve
  • 出版商: Wiley
  • 出版日期: 2019-06-18
  • 售價: $4,480
  • 貴賓價: 9.5 折 $4,256
  • 語言: 英文
  • 頁數: 384
  • 裝訂: Hardcover - also called cloth, retail trade, or trade
  • ISBN: 1119141044
  • ISBN-13: 9781119141044

    • 海外代購書籍(需單獨結帳)

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商品描述

Understand and interpret the global debt capital markets

Now in a completely updated and expanded edition, this is a technical guide to the yield curve, a key indicator of the global capital markets and the understanding and accurate prediction of which is critical to all market participants. Being able to accurately and timely predict the shape and direction of the curve permits practitioners to consistently outperform the market.

Analysing and Interpreting the Yield Curve, 2nd Edition describes what the yield curve is, explains what it tells participants, outlines the significance of certain shapes that the curve assumes and, most importantly, demonstrates what factors drive it and how it is modelled and used.

  • Covers the FTP curve, the multi-currency curve, CSA, OIS-Libor and 3-curve models
  • Gets you up to speed on the secured curve
  • Describes application of theoretical versus market curve relative value trading
  • Explains the concept of the risk-free rate
  • Accessible demonstration of curve interpolation best-practice using cubic spline, Nelson-Siegel and Svensson 94 models

This advanced text is essential reading for traders, asset managers, bankers and financial analysts, as well as graduate students in banking and finance.

商品描述(中文翻譯)

了解和解釋全球債務資本市場

現在這是一本完全更新和擴展的版本，這是一本關於收益曲線的技術指南，收益曲線是全球資本市場的關鍵指標，理解和準確預測收益曲線對所有市場參與者至關重要。能夠準確及時地預測曲線的形狀和方向，使從業者能夠持續超越市場。

分析與解釋收益曲線，第2版描述了收益曲線是什麼，解釋了它告訴參與者的內容，概述了曲線所呈現的某些形狀的重要性，最重要的是，展示了驅動收益曲線的因素以及如何對其進行建模和使用。


  • 涵蓋FTP曲線、多貨幣曲線、CSA、OIS-Libor和三曲線模型

  • 讓您快速了解擔保曲線

  • 描述理論曲線與市場曲線相對價值交易的應用

  • 解釋無風險利率的概念

  • 使用三次樣條、Nelson-Siegel和Svensson 94模型進行曲線插值最佳實踐的可及性演示

這本進階文本對於交易員、資產管理者、銀行家和金融分析師，以及銀行和金融研究生來說都是必讀之作。

作者簡介

DR. MOORAD CHOUDHRY is Head of Asset-Liability Management at Cambridge & Counties Bank in Leicester. He previously worked as a sovereign bond trader at ABN Amro Hoare Govett Limited and Hambros Bank Limited, a structured finance repo trader at KBC Financial Products, and was latterly Treasurer, Corporate Banking Division at The Royal Bank of Scotland.

Moorad is a Fellow of the Chartered Institute for Securities & Investment, a Fellow of the London Institute of Banking and Finance, a Fellow of the Institute of Directors, and a Freeman of the Worshipful Company of International Bankers.

作者簡介(中文翻譯)

穆拉德·喬德里博士是劍橋與郡銀行（Cambridge & Counties Bank）資產負債管理部的負責人。他曾在ABN Amro Hoare Govett Limited和Hambros Bank Limited擔任主權債券交易員，並在KBC Financial Products擔任結構性融資回購交易員，最後在蘇格蘭皇家銀行（The Royal Bank of Scotland）擔任企業銀行部的財務主管。

穆拉德是特許證券與投資學會（Chartered Institute for Securities & Investment）的院士，倫敦銀行與金融學院（London Institute of Banking and Finance）的院士，董事學會（Institute of Directors）的院士，以及國際銀行家公會（Worshipful Company of International Bankers）的自由會員。

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