bond trading books

Discussion in 'Educational Resources' started by steeldust, Jan 27, 2003.

  1. hi, anyone know of any good books on bond trading? or any books on how bond traders think. lots of books on stocks. i would also like to find something on relationships between markets(bonds,stocks,currencies etc) thanx for any help:)
  2. written about the largest bond futures trader

    a few yrs ago called Charlie D ?

    it had a a section in it where he discussed some strategy
    that he used .... but it really was meant for local floor traders
    I think.
  3. "handbook of fixed income securities" by frank fabozzi
    "fixed income securities" by bruce tuckman,
    both pretty elementary background reading, not for trading strategies.
    of course you can trade bonds like any other commodity, but there's a wrinkle called yield curve you don't find in stocks.
    i have rarely seen a TA book on the yield curve, but there are plenty of academic papers.

    for trading strategies check out:

    Fixed-Income Arbitrage: Analytical Techniques and Strategies
    by M. Anthony Wong

    The Treasury Bond Basis: An In Depth Analysis for Hedgers, Speculators and Arbitrageurs
    by Galen D. Burghardt, Terrence M. Belton, Terry Belton

    you might pick up some ideas here
  4. Charlie D.: The Story of the Legendary Bond Trader
    by William D. Falloon
    it's on amazon, the strategy seem to be calendar spreads, but the reviews say the book is mostly biographic not so much about trading.
  5. CalTrader

    CalTrader Guest

    Not exactly a bond trading book but a classic reference:

    Bond Market Analysis and Strategies by Fabozzi.

    At PIMCO - one of my clients - this is what is recommended for any new recruit looking to enter the bond / interest rate business.
  6. thanks bond trdr didn't know about that one
  7. nkhoi

    nkhoi Moderator

  8. I think the best book I have ever read about Bond trading is The Bond Basis. It is written by Terry Belton and Galen Burkhardt.

    I traded Fixed Income Options for 11 years and it always came in handy. It explains the Curve, Cheapest to Deliver analysis and the basis in a great way.
  9. thanx for the info everyone. i'll take a look at all these. even though i can trade bond futures with decent positive, i think a better understanding of what the hell is going on will make life a bit less stressful.:D
    #10     Jan 29, 2003