LEADER 03526nam 2200529 450 001 9910554229903321 005 20231110232004.0 010 $a3-11-068873-5 024 7 $a10.1515/9783110688733 035 $a(CKB)5470000000570975 035 $a(DE-B1597)541630 035 $a(DE-B1597)9783110688733 035 $a(MiAaPQ)EBC6701825 035 $a(Au-PeEL)EBL6701825 035 $a(OCoLC)1253313459 035 $a(EXLCZ)995470000000570975 100 $a20220430d2021 uy 0 101 0 $aeng 135 $aur||||||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aRandom walks in fixed income and foreign exchange $eunexpected discoveries in issuance, investment and hedging of yield curve instruments /$fJessica James, Michael Leister, Christoph Rieger 210 1$aBerlin ;$aBoston, MA :$cWalter de Gruyter GmbH,$d[2021] 210 4$dİ2021 215 $a1 online resource (XIV, 182 p.) 225 0 $aThe Moorad Choudhry Global Banking Series 311 $a3-11-068868-9 327 $tFrontmatter -- $tAdvance Praise for Random Walks in Fixed Income and Foreign Exchange -- $tForeword -- $tContents -- $tPreface -- $tChapter 1 What Really is the Cross-Currency Basis? -- $tChapter 2 XVA and the Cross-Currency Basis -- $tChapter 3 Calculating Novel Cross-Currency Bases and FX Hedged Pickups -- $tChapter 4 FX Hedging of Fixed Income ? What is the Best Way? -- $tChapter 5 Introducing the Conversion Factor -- $tChapter 6 An Empirical Method of Calculating the Term Premium -- $tChapter 7 An Update of the Term Premium Calculation -- $tChapter 8 Forward Curves, Duration and Convexity -- $tChapter 9 Implied vs Realised Convexity -- $tList of Figures -- $tList of Tables -- $tAbout the Authors -- $tReferences -- $tIndex 330 $aThe fixed income and foreign exchange (FX) markets have never been as challenging to operate in as they are today. The post-crash combination of reduced liquidity, higher operating costs, low interest rates, flat yield curves and increased regulation means that market makers and investors alike need to work harder to generate value and remain in full understanding of the markets. Random Walks in Fixed Income and Foreign Exchange brings together the best of detailed and original practitioner-orientated market research on many specialist areas of the bond and FX markets. Written by the highly regarded FX and bonds research desk at Commerzbank, the book offers varied and in-depth insight into specific topics of vital important to dealers and investors, including the cross-currency basis and hedging, the yield curve, and overseas issuance conversion factors which will give investors a genuine edge in generating value. Written in accessible text, it is a must-read for all those interested in bonds and FX. 410 4$aThe Moorad Choudhry Global Banking 606 $aFixed-income securities 606 $aForeign exchange$xEconometric models 610 $aFixed income, Foreign exchange, FX hedging, Financial instruments, Random Walk. 615 0$aFixed-income securities. 615 0$aForeign exchange$xEconometric models. 676 $a332.632044 700 $aJames$b Jessica$f1968-$0614112 702 $aLeister$b Michael 702 $aRieger$b Christoph 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910554229903321 996 $aRandom Walks in Fixed Income and Foreign Exchange$92819043 997 $aUNINA