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secondmoment
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Joined: November 1st, 2009, 3:22 am

New Book - Interest Rate Markets: A practical approach to fixed income

May 27th, 2011, 2:42 pm

to introduce fixed income market products (bonds/futures/swaps/options) as well as common types of institutional trades in the space such as outrights, curve trades, conditional trades, carry trades, and trades designed to hedge rate exposure. The focus is to stay away from heavy quant stuff and instead focus on building intuition for how to think about taking views on rates/spreads/rate volatility and how to set up trades that best express a particular view using the wide array of liquid rate products available. Written by a former fixed income strategist at an Ibank (currently trading in buyside) who spoke to some of the largest funds/prop desks on the street as well as taught incoming analysts and associates. Please feel free to message me with any questions.
 
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DominicConnor
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Joined: July 14th, 2002, 3:00 am

New Book - Interest Rate Markets: A practical approach to fixed income

May 31st, 2011, 10:05 am

Are you the guy that wrote it ?
 
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secondmoment
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New Book - Interest Rate Markets: A practical approach to fixed income

May 31st, 2011, 11:23 am

Yes I did.
 
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gc
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Joined: September 21st, 2002, 10:08 pm

New Book - Interest Rate Markets: A practical approach to fixed income

May 31st, 2011, 12:22 pm

Good job Second Moment.I am reading your book and I am close to the half mark. So far I would reccomend it as a very good investment! It is well written, and full of useful insight.What I like most is that you didn't go for yet another mathematical text (there are so many of them already for the fixed income, so it's hard to contribute anything new), but you focus on how the market works and on the terminology as it is used by practicioner which is (for people like me who are not trading) one of the main reasons for confusions.I would say that you don't reveal any market secret (what I read so far is a very honest explanation on how things are as they are traded by sales and traders), but there is still a lot of value in giving a coherent frame of reference even for things that are well known but sometime misunderstood,gc
 
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secondmoment
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New Book - Interest Rate Markets: A practical approach to fixed income

May 31st, 2011, 12:36 pm

Many thanks gc for your feedback! I hope the second half of the book stays good to read as well Yes, there are definitely no market secrets here or any super algorithms to get the reader rich..sadly! After working for a number of years in fixed income, I suppose I have become a bit skeptical of any market secrets which are revealed in books - either they are not that secret or they fail once they have been written about (those who know dont talk, those who talk dont know type of thing). Instead, I wanted to write something that looked at logical frameworks which are hopefully useful in any trading environment for rates, spreads, volatility.