Moorad Choudhry - Advanced Fixed Income Analysis
Presents practitioner-level theories and applications, never available in textbooks
Focuses on financial markets, not mathematics
Covers relative value investing, returns analysis, and risk estimation
Each new chapter of the Second Edition covers an aspect of the fixed income market that has become relevant to investors but is not covered at an advanced level in existing textbooks. This is material that is pertinent to the investment decisions but is not freely available to those not originating the products. Professor Choudhry’s method is to place ideas into contexts in order to keep them from becoming too theoretical. While the level of mathematical sophistication is both high and specialized, he includes a brief introduction to the key mathematical concepts. This is a book on the financial markets, not mathematics, and he provides few derivations and fewer proofs. He draws on both his personal experience as well as his own research to bring together subjects of practical importance to bond market investors and analysts.
Upper-division undergraduates and graduate students studying fixed income markets. Relevant courses include “Fixed Income Markets” and “Fixed Income Portfolio Management.” This material is appropriate for those in pre-professional programs for the corporate sector because companies are turning more frequently to raising funds by selling bonds instead of equity shares.