An Introduction to Bond Markets

Introduction to Bond Markets provides a comprehensive, authoritative description of the bond markets. The contents describe and define bonds within the context of the capital markets and the different types of bonds that are traded. The Fourth Edition has been completely updated to reflect the many changes in the industry as a result of the financial crisis. In addition, four new chapters feature the causes of the financial crisis and the implications for bond investors, risk, return and diversification, securitization, and credit derivatives. Ideal for traders, fund managers, and students in the field.