2024 the best interest rates review

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The first swap was executed over thirty years ago. Since then, the interest rate swaps and other derivative markets have grown and diversified in phenomenal directions. Derivatives are used today by a myriad of institutional investors for the purposes of risk management, expressing a view on the market, and pursuing market opportunities that are otherwise unavailable using more traditional financial instruments. In this volume, Howard Corb explores the concepts behind interest rate swaps and the many derivatives that evolved from them.

Corb's book uniquely marries academic rigor and real-world trading experience in a compelling, readable style. While it is filled with sophisticated formulas and analysis, the volume is geared toward a wide range of readers searching for an in-depth understanding of these markets. It serves as both a textbook for students and a must-have reference book for practitioners. Corb helps readers develop an intuitive feel for these products and their use in the market, providing a detailed introduction to more complicated trades and structures. Through examples of financial structuring, readers will come away with an understanding of how derivatives products are created and how they can be deconstructed and analyzed effectively.

Publisher ‏ : ‎ Columbia Business School Publishing; Illustrated edition (August 28, 2012)
Language ‏ : ‎ English
Hardcover ‏ : ‎ 624 pages
ISBN-10 ‏ : ‎ 0231159641
ISBN-13 ‏ : ‎ 978-0231159647
Item Weight ‏ : ‎ 2 pounds
Dimensions ‏ : ‎ 6.2 x 1.7 x 9.1 inches
Reviewer: D Sheng
Rating: 5.0 out of 5 stars
Title: An All-Purpose Derivatives Handbook for Practitioners and Students
Review: Corb's "Interest Rate Swaps and other Derivatives" is all-purpose: a Wall Street reference manual, an introductory to intermediate textbook for business school and financial engineering students, and an entertaining and accessible read for all audiences interested in the $500 trillion rate derivatives market.There are several key elements of this book that are distinct from most other reference books. Firstly, the breadth of topics covered is ideal for market practitioners, and in my fixed income advisory role at an investment bank, I particularly appreciate the organization of the book by product, and the context the book provides for the evolution of different models. There is also some highly relevant discussion about relative value trades and asset swaps, which are essential concepts for money managers and hedge funds.Second, the content is timely. The explosion of structured rate derivatives has received much less coverage in the literature than credit derivatives, and Corb's treatment of forward vol and curve options is superb. There is even a section detailing the implications of Dodd Frank regulations and clearinghouses.Finally, given how broad the intended audience is, the text is quite rigorous and comprehensive. It provides intuition for price movements and hedging strategies, and for those who are academically inclined, there are also sample problems at the end of each section that help to elucidate key concepts. The appendix is very clear and the refresher on option pricing/greeks is particularly useful.Finally, a perfect and comprehensive manual for students, traders, and portfolio managers alike.

Reviewer: Amazon Customer
Rating: 5.0 out of 5 stars
Title: Best Book of Rates Derivatives Trading's Practical Knowledge => Strongly Recommended
Review: Best Book of Rates Derivatives Trading's Practical Knowledge => Strongly RecommendedI am a junior rates trader determined to one day have my own PL trading interest rate derivatives. I just finished reading Prof. Corb's book, and now I am regarding it as my treasure. This book is composed by highly practical & enlightening examples. The expression is so conversational to well explain complex scenarios while spare no efforts to use repetitive emphasis on details requiring us to pay strong attention.Highlights are the Annotations inside, which either deepens your understanding or instantly reminds you that previous chapter's knowledge is applied here. Really really thoughtful and reader-friendly. I believe it will be a catalyst for me to realize my dream of being a real Rates Derivatives Trader. It will always be kept on my desk.- BChen

Reviewer: NCE
Rating: 5.0 out of 5 stars
Title: Logical order of explanation. Extremely useful in understanding complex concepts
Review: This book needs a revision. Very few books explain well the multicurve contructions.. this book needs to do that.The book sticks to pre-2008 single curve construction. But needs an upgrade on those chapters.

Reviewer: Arthur Vandalet
Rating: 4.0 out of 5 stars
Title: Great book
Review: Great book overall. It's written at the MBA level, which means it's pretty straightforward and easy to understand. The only thing keeping me from giving it 5 stars is that the Appendix for the end-of-chapter questions provides solutions to only some of the questions. This can be frustrating because you have no idea whether you understand the concept behind the questions. I hope in the next edition the author includes everything, otherwise this is the best swap book I have read to date (as a novice to the industry).

Reviewer: S. Hughes
Rating: 5.0 out of 5 stars
Title: Refreshing!
Review: Corb's conversational style and presentation of the material in a working context are why I strongly recommend this book to practitioners and students looking to gain a more intuitive understanding of derivatives. As a student, this book will expose you to the language of the business and bring you into the mind of a trader / marketer / structurer. If you happen to have a seasoned knowledge of derivatives, this book will enhance the sophistication of your thinking.Potential audience:- Sales and Trading- Risk Management- Consulting- Academia / College- Legal ProfessionOne last comment: don't overlook the footnotes - there are definitely some gems!

Reviewer: Yang Tang
Rating: 5.0 out of 5 stars
Title: Awesome
Review: This book is a must have for anyone in the rates business or anyone who touches the rates markets. It blends perfectly the theory and the intuition behind the products. What is great about this book is that it doesn't focus on just academic theory or pure practice but strikes the right balance between the two. It is a must have!

Reviewer: Seek higher ground
Rating: 5.0 out of 5 stars
Title: mandatory reading
Review: this class and this book changed my life. It sounds absurd, but it's true. If you work in the business someone on your trading floor has taken corb's class at CBS and this book is the MBA course book and then some. If you only buy one book that will move the needle for your love of rate derivatives buy this one.

Reviewer: Dr. Robert J. Bursill
Rating: 5.0 out of 5 stars
Title: This is a nice book with some useful things
Review: This is a nice book with some useful things. In particular, it is hard to find worked examples of pricing for interest rate derivatives under the normal model.

Reviewer: Amazon Customer
Rating: 5.0 out of 5 stars
Title:
Review: the book explains rates derivatives in a very intuitive way and in great detail. This is a book for practionners, it's not a quant book but one that quants will find certainly very useful.

Reviewer: Mohan
Rating: 5.0 out of 5 stars
Title:
Review: This is an exceptional book written by Howard Corb for understanding Swaps and Interest Rate Derivatives. I was enthralled by the chapter on Swaption where the author discusses extensively on the product and the various pricing methods that are used. I'd highly recommend this book to both students and practitioners.

Reviewer: Davy Bureau
Rating: 5.0 out of 5 stars
Title:
Review: Ce livre va plus loin que les habituels Hull et compagnie. L'auteur essaie de construire l'intuition du lecteur. Les explications sont claires et permettent de voir les choses autrement par rapport aux explications habituelles.L'anglais utilisé est simple et direct, les exemples sont nombreux ainsi que les graphiques.Ce livre n'est pas forcément à mettre entre toutes les mains et permet aux travers des explications, et exercices de se construire une bonne connaissances du monde des dérivés de taux sans forcément passer par toutes les maths stochastiques habituelles.

Reviewer: Ho Yan Chan
Rating: 5.0 out of 5 stars
Title:
Review: A great book!

Reviewer: Vivek
Rating: 5.0 out of 5 stars
Title:
Review: A gem on the pricing of swaps and swaptions without going into unnecessary rigorous quantitative details. Excellent book!