Narrow your search
Listing 1 - 10 of 44 << page
of 5
>>
Sort by
The gilt-edged market
Authors: --- ---
ISBN: 9780750651639 0750651636 0080472869 9780080472867 1280966289 9781280966286 9786610966288 6610966281 Year: 2003 Publisher: Oxford Butterworth-Heinemann

Loading...
Export citation

Choose an application

Bookmark

Abstract

The Gilt-Edged Market is specifically aimed at finance professionals and investors who need to understand the inner working of the United Kingdom gilt market. There is detailed coverage of the different gilt instruments, as well as a look at the structures, institutions and practices of the market itself.Topics include:* Bond basics* Conventional gilts* Index-linked gilts* Gilt strips* The gilt repo market* The gilt bond future basis* Yield spread trading using giltsThere are also personal reminiscenes that illustrate the great changes tha


Book
Disequilibrium econometrics for the Finnish bond market
Authors: ---
ISBN: 9516531385 Year: 1986 Volume: vol 31


Book
African central government debt. : statistical yearbook.
Author:
ISBN: 9264201629 9264201610 Year: 2013 Publisher: Paris : OECD Publishing,

Loading...
Export citation

Choose an application

Bookmark

Abstract

This publication provides comprehensive and consistent information on African central government debt statistics for the period 2003-2012. Detailed quantitative information on central government debt instruments is provided for 17 countries to meet the requirements of debt managers, other financial policy makers, and market analysts. A cross country overview on African debt management policies and country policy notes provides background information on debt issuance as well as on the institutional and regulatory framework governing debt management policy.

Money for Ireland
Author:
ISBN: 0275977102 9786610423514 128042351X 0313012512 9780313012518 9780275977108 9781280423512 9798400687150 Year: 2002 Publisher: Westport, CT Praeger

Debt Management and Government Securities Markets in the 21st Century
Authors: --- ---
ISBN: 1280080698 9786610080694 9264176004 9264198075 Year: 2002 Publisher: Paris : OECD Publishing,

Loading...
Export citation

Choose an application

Bookmark

Abstract

Debt Management and Government Securities Markets in the 21st Century reviews recent trends in the structure of OECD government securities markets and public debt management operations, and highlights the generic structural policy issues in emerging debt markets. Over the years, OECD debt managers have developed best practices for raising, managing and retiring debt at the lowest possible price and acceptable risk, largely in the presence of persistent large deficits. New techniques have been developed to cope with the adverse consequences of running surpluses (pricing anomalies and lower liquidity in traditional benchmark markets). This report analyses the impact of advanced electronic systems on primary and secondary markets. In the future, sophisticated electronic auction systems will enable institutional investors to bid directly in auctions, thereby by-passing primary dealers. Electronic trading systems will inevitably reshape secondary fixed-income markets. Underlying these challenges is the growing number of OECD sovereign issuers granting greater independence to debt management operations, accompanied by an increased emphasis on risk assessment and risk management. The report also addresses the introduction of new instruments (index-linked bonds and derivatives), as well as policies related to investor relations.


Book
A Framework for Developing Secondary Markets for Government Securities
Authors: ---
ISBN: 1451914857 1462321496 1451870329 1282841254 9786612841255 1452798524 Year: 2008 Volume: WP/08/174 Publisher: Washington, D.C. : International Monetary Fund,

Loading...
Export citation

Choose an application

Bookmark

Abstract

This paper consolidates previous work on the development of secondary markets for government securities, and focuses on the sequencing of measures necessary for their development. Six main lessons are identified: (i) a commitment to achieving and maintaining a stable macroeconomic environment, especially prudent fiscal policy, should underpin market development; (ii) a sound and transparent public debt management strategy supports secondary market activity; (iii) a deep and diverse investor base is required; (iv) poor market infrastructure leads to high transaction costs, slow order execution, and excessive operational risk, which all inhibit trading; (v) secondary market growth is facilitated by effective monetary policy implementation; and (vi) reforms should be sequenced to ensure even development of all the structures supporting the secondary market.


Book
Bond pricing and yield-curve modelling : a structural approach
Author:
ISBN: 1316731022 131669416X 1316732959 1107165857 Year: 2018 Publisher: Cambridge, England : Cambridge University Press,

Loading...
Export citation

Choose an application

Bookmark

Abstract

In this book, well-known expert Riccardo Rebonato provides the theoretical foundations (no-arbitrage, convexity, expectations, risk premia) needed for the affine modeling of the government bond markets. He presents and critically discusses the wealth of empirical findings that have appeared in the literature of the last decade, and introduces the 'structural' models that are used by central banks, institutional investors, sovereign wealth funds, academics, and advanced practitioners to model the yield curve, to answer policy questions, to estimate the magnitude of the risk premium, to gauge market expectations, and to assess investment opportunities. Rebonato weaves precise theory with up-to-date empirical evidence to build, with the minimum mathematical sophistication required for the task, a critical understanding of what drives the government bond market.


Book
Government Bonds and their Investors : What Are the Facts and Do they Matter?
Authors: ---
ISBN: 1475504519 1475538561 1475594321 1475570058 Year: 2012 Publisher: Washington, D.C. : International Monetary Fund,

Loading...
Export citation

Choose an application

Bookmark

Abstract

This paper introduces a new dataset on the composition of the investor base for government securities in the G20 advanced economies and the euro area. During the last decades, investors from abroad have increased their presence in government bond markets. The financial crisis broke this trend. Domestic financial institutions allocated a larger share of government securities in their portfolios, as Japan has done since its crisis in the 1990s. Increases in the share held by institutional investors or non-residents by 10 percentage points are associated with a reduction in yields by about 25 or 40 basis points, respectively. The data show a varied lead-lag relationship between bond yields and investor holdings. Portfolio balance estimates suggest that a change in statutory or regulatory holdings of government securities to the tune of 10 percent of the outstanding stock causes expected returns to decline by 7 to 25 basis points.

Listing 1 - 10 of 44 << page
of 5
>>
Sort by