Help-fwd/swap-cut & pasted from !st steps forum.

[nickdd]

14/12/06

Lads- just copied & pasted this from 1st steps forum 2 get wider exposure-rule bend I know, but wouldnt mind more input, had a cpl o gd responses.

11/12/2006

Chaps!
my latest thread as part of my "re-education"-(special mention to Andy Can on the technicals front :-D )
I have always found Interest Rate & Currency forwards & Swaps-pricing & trading of a bit of a mystery. Tho grounded in spot fx & fundamentals..

Can anyone point me in the right direction of decent accessible books(seem 2 be a few on Amazon)/articles websites that simply explain their rationale & purpose-I've half got my head around them but frustrating ly not completely.

Also a decent website that has swap & fwd prices (if one exists?)

(Am going to post this in the derivatives/fx etc forum also & get shouted at!)

Thanks chaps

Nick.

 

[grantx]

Nick,

You may consider: Credit Derivatives: Instruments, Applications, and Pricing by Fabozzi, et al.
If you can handle calculus (your a better man than I), also by Fabozzi: Mathematics of Financial Modelling. and Investment Management. This is broad in its scope but can't be faulted on that basis; includes sectoins on bonds, credit, swaps, etc.

Fabozzi is excellent, and a one-man publishing house re the credit markets; look for his name on other books.

Also look in your pm.

Grant.