Stigum's Money Market
Stigum's Money Market provides a complete overview of the large and ever-expanding money market area to help a new generation of Wall Street money managers and institutional investors. It delivers an all-encompassing, cohesive view of the vast and complex money market, offering careful analyses of the growth and changes the market has undergone in recent years. This 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.
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
n-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 agencies
Table of Contents
Part I - Some Fundamentals
Introduction
Funds Flows, Banks and Money Creation
The Instruments in Brief
Discount and Interest-Bearing Securities
Duration and Convexity
Part II - The Major Players
The Banks: Domestic Operations
The Banks: European Operations
The Treasury and the Federal Agencies
The Most Watched Player: The Fed
Part III - The Markets
The Federal Funds Market
The Repo and Reverse Markets
Government and Federal Agency Securities
Financial Futures: Bills and Euros
Treasury Bond and Note Futures
Options: In the Fixed-Income World
Interest Rate Swaps
Certificates of Deposit: Domestic, Euro and Yankee
Banker's Acceptance
Commercial Paper: DomestiCommercialo
Medium-Term Notes
Municipal Notes