The Management of Bond Investments and Trading of Debt

Written for managers and professionals in business and industry, and using a minimum of mathematical language, The Management of Bond Investments and the Trading of Debt addresses three key issues:
Bondholder’s options, risks and rewards in making investments in debt instruments;
The dynamics of inflation, and how they affect both trading in the bond market, and investment decisions; and
The democratization of lending, socialization of risk, and effect of the global economy on the bond market.

Financial expert Dimitris Chorafas discusses these issues in straightforward language for managers and professionals in commercial banks, securities houses, financial services companies, merchandising firms, manufacturing companies, and consulting firms, placing the mathematical treatment of the issues in the appendices, available for study but not necessary for understanding the business issues addressed in the book.

Focuses on new issues of central importance in bond and debt trading today
Uses clear, straightforward language for managers and professionals in business and industry, with mathematical treatment provided in appendices
Thorough treatment of operational risk new to books on this topic

Part One: The Dynamics Of Debt, Leverage, And Globalization
Ch 1: Democratization Of Lending And Socialization Of Risk
Ch 2: Trading Debt In A Globalized Economy
Part Two: The Bondholders Options, Risks And Rewards
Ch 3: Bonds Defined
Ch 4: Convertible Bonds, Zero Bonds, Junk Bonds, Strips, And Other Bonds
Ch 5: Choosing Bonds
Ch 6: Bank Loans And Securitization;
Part Three: Interest Rates, Yields, And Duration
Ch 7: The Dynamics Of Interest Rates
Ch 8: Inflation Indexing And Impact Of Government Deficits
Ch 9: Bond Yields and Benchmark Government Bonds
Ch 10: Maturity And Duration
Part Four: Bonds, Bond Markets, Credit Rating And Risk Control:
Ch 11: Bonds, Money Markets, Capital Markets, And Financial Organizations
Ch 12: Credit Quality And Independent Rating Agencies
Ch 13: Case Studies On Credit Quality
Ch 14: Market Risk With Bonds
Ch 15: The Control Of Risk Under Basel II