Fixed Income Trading and Risk Management is the complete guide to fixed income markets from the ground up. Written by a principal portfolio manager at the European Central Bank, this book dispenses with any preconceived notions of how a market should work, instead teaching several markets in parallel and from scratch, developing the commonalities and differences along the way. Beginning with an introduction to money, credit and monetary policy, the book goes on to cover cash instruments, inflation-linked debt, defaultable claims, derivatives, standard trading strategies, data analysis and risk management. Fixed Income Trading and Risk Management is essential reading for new starters in financial institutions and. a comprehensive reference for more experienced practitioners