A Trader’s Guide to Bonds Swaps & IR Instruments:
Volume 1 –
Products, Pricing, Structuring
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This is Volume 1 of the TG2 Bonds,
Swaps, & IR Instruments 2-Volume Set (see
Volume 2 here).
This book focuses primarily on non-contingent IR instruments and
markets and provides real world and P&L oriented descriptions and
explanations of who uses which instruments/structures, and why/how they
use them. This paves the way for detailed discussion on how
sell, trade, and structure these products.
Volume 1 covers all of the important elements for
pricing, trading, selling, structuring, and risk management geared
toward market professionals on trading floors, and treasuries alike.
Detailed position keeping/trading is provided in Volume 2.
Detailed treatment of contingent (options) and complex
structured/hybrid products are found in their respective
multi-volume sets, such as ,
[8a], ... up to
[10b] (see here for EntireList
This book is a prerequisite for Volume 2, and for the related
contingent, structured, and hybrid products.
See Reviews HERE
This book closely supports
the ARTSchool Seminars:
such as A
Trader's Guide to IR Markets, 1-D
Swaps, and TG2
IR Derivatives (seminar delegates receive complementary copies).
The TG2 Bonds, Swaps, IR Products Volume
1 is the "pricing/using" component of the 2-volume set (ToC is available
Key elements and objectives are:
What is the IR business, and how do market professionals, institutions,
corporates, and sovereigns make/save money using IR products.
Including important market/marketing information that not only describes
the markets but also illustrates the selling points of various products.
What the key product classes from both end-user (buy-side) economic needs
perspective, and what are the key elements for the "sell side"
Detailed description of all important IR instruments, their risk/reward
characteristics and economic uses. This includes all of the pricing
machinery required to price real world via market convention, and also via
Risk analysis of position including both market/price risk, as well as
credit default risk. Moreover, the analysis includes real world
treatment of curve based risk analysis, bucketing, and the like to show
the effects impacting single trades as well as portfolios. Notably,
the discussions illustrate the many pitfalls and "watch out for this"
elements arising in real world valuation and risk assessment.
All common variations of instrument/structures are included for
spread/curve and cross currency trading/structuring.
Curve building and usage, and relevant techniques as required for
day-to-day trading are included.
All important usage and conventions are included based on decades of
professional trading experience and which simple cannot be found in
Don't forget, some
are included with ARTWare
software, and ARTSchool Seminars,
so be sure to contact us for specials, bundles, etc.
Please Note: This book is
closely connected with the TG2RM1st book,
which is required to understand the (correct)
business management issues and context. There are discounts for registered owners,
and especially for "bundled" purchases. The TG2QM books are one of the
few books in the TG2 Series that do not require the TG2RM1st as a
prerequisite, but is very strongly suggested.
Corporate Editions: ART also produces specialized
one-off books and monographs for customized client applications whether it
be for internal training purposes, to assist with marketing efforts, or with any
If you need advanced copies or have
other special requirements, write to
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