Stigum's Money Market, 4E

by Marcia Stigum

• ISBN13: 9780071448451
• ISBN10: 0071448454
• Edition: 4th
• Format: Hardcover
• Copyright: 2006-12-01
• Publisher: MCGRAW-HILL

Summary

The Most Widely Read Work on the Subject _ Completely Updated to Cover the Latest Developments and Advances In Today's Money Market!First published in 1978, Stigum's Money Market was hailed as a landmark work by leaders of the financial, business, and investment communities. This classic reference has now been revised, updated, and expanded to help a new generation of Wall Street money managers and institutional investors.The Fourth Edition of Stigum's Money Market delivers an all-encompassing, cohesive view of the vast and complex money market...offers careful analyses of the growth and changes the market has undergone in recent years...and presents detailed answers to the full range of money market questions.Stigum's Money Market equips readers with: A complete overview of the large and ever-expanding money market arena Quick-access to every key aspect of the fixed-income market A thorough updating of information on the banking system Incisive accounts of money market fundamentals and all the key players In-depth coverage of the markets themselves, including federal funds, government securities, financial futures, Treasury bond and note futures, options, euros, interest rate swaps, CDs, commercial paper, and more Expert discussions of the Federal Reserve, the Internet and electronic trading, and the new roles of commercial banks and federal agenciesThis updated classic also includes hundreds of helpful new illustrations and calculations, together with an improved format that gives readers quick access to every major topic relating to the fixed-income market.

Author Biography

Anthony Crescenzi is chief bond market strategist at Miller Tabak & Co. and an adjunct professor in Baruch College's Executive MBA program. His work on the economy and markets is widely followed on Wall Street and has reached as far as the White House. Mr. Crescenzi makes regular appearances on financial television stations such as CNBC and Bloomberg, and is frequently quoted across the news media. Mr. Crescenzi's first book, The Strategic Bond Investor, was published in 2002.

Table of Contents

Introduction	p. 1
Funds flows, banks, and money creation	p. 9
The instruments in brief	p. 37
Bond valuation	p. 71
Duration and convexity	p. 85
The banks : domestic operations	p. 111
The banks : Eurodollar operations	p. 209
The treasury and the federal agencies	p. 301
Don't fight the fed! : the powerful role of the federal reserve	p. 343
The market makers : dealers and others	p. 411
The investors : running a short-term portfolio	p. 455
The federal funds market	p. 491
The repo and reverse markets	p. 531
Treasury and federal agency securities	p. 581
Financial futures : bills, eurodollars, and fed funds	p. 693
Treasury futures	p. 745
Financial options	p. 793
Eurodollars : cash time deposits and FRAs	p. 823
Interest-rate swaps	p. 869
Certificates of deposit	p. 923
Bankers' acceptances	p. 943
The commercial paper market	p. 967
Bank sales of loan participations	p. 1017
Medium-term notes	p. 1043
Municipal notes	p. 1065
Money market funds	p. 1099
Table of Contents provided by Blackwell. All Rights Reserved.