Chapter

Introduction and Overview

Claus Munk

in Fixed Income Modelling

Published in print June 2011 | ISBN: 9780199575084
Published online September 2011 | e-ISBN: 9780191728648 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199575084.003.0001
Introduction and Overview

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This chapter introduces basic bond market terms and concepts such as zero-coupon bonds, coupon bonds, floating rate bonds, yields, yield curves, spot interest rates, forward interest rates, and LIBOR rates. It provides an overview of bond markets around the world with information about bond types, bond issuers, and the size of the markets. It introduces the basic fixed income derivative securities — forwards, futures, swaps, and options — and presents summary statistics for these markets. Finally, the chapter gives a short overview of the remainder of the book.

Keywords: bonds; interest rates; yields; derivatives; market statistics

Chapter.  11406 words.  Illustrated.

Subjects: Financial Markets

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