Inflation-Linked Bonds and Derivatives: Investing, hedging and valuation principles for practitioners
Jessica James, Michael Leister, Christoph RiegerThe pandemic-induced disruptions in supply chains and consumption patterns, coupled with stimulus packages and the energy crisis, have propelled inflation rates to levels not seen since the 1970s. This dramatic and significant shift in fortunes has profound implications for inflation markets. Anticipating the future trajectory of consumer prices has become vital for investors across various asset classes, as central banks craft their policy responses to anchor inflation expectations.
The book "Inflation-Linked Bonds and Derivatives" condenses over 15 years of comprehensive coverage of inflation markets. It equips investors, issuers, and policymakers with the necessary tools to navigate inflation markets effectively. It covers fundamental concepts such as consumer price indices, forwards, carry, and trading strategies, as well as advanced topics like seasonality adjustments and the utilization of inflation options.
Featuring numerous illustrative graphs and tabulated data, this exceptional book proves invaluable for traders, corporate treasury departments, fixed-income investors, insurance companies, and pension fund executives.