Publisher's Synopsis
The yield curve is the defining indicator of the global debtcapital markets, and an understanding of it is vital to the smoothrunning of the economy as a whole. All participants in the market,be they issuers of capital, investors or banking intermediaries,will have a need to estimate, interpret and understand the yieldcurve. Fund managers that accurately predict the shape anddirection of the curve will consistently outperform those that donot.
This groundbreaking new book offers:
- An intuitive account of a very important technical subject,cutting through the mathematics to reveal key concepts
- Market approaches to enable fund managers to evaluate thecurrent and expected shape of the yield curve
- An opportunity for market professionals to have anunderstanding of the latest analytical techniques.
Written by an experienced market practitioner, this book is aclear and accessible account of an important financial topic.
