The fixed income market in Brazil -

Since the implementation of the Real Plan, the national fixed income market has undergone successive changes, influenced by internal and external economic crises. Few are the works that address the universe of fixed income and linear fixed income derivatives in Brazil, dealing with topics such as pricing, risk calculation, performance and hedging.In order to fill this gap, the work The Fixed Income in Brazil - Concepts, pricing and risk consolidates, in an organized way and at an increasing level of complexity, several themes related to this topic, mixing theory and practice.The reader will learn to price the main fixed-income instruments used in Brazil, such as Brazilian Treasury bonds, certificate of deposits, debentures (local corporate bonds) and interest rate derivatives. In addition to pricing techniques, this book deals, in depth, with themes such as:Yield curveBootstrappingCredit spreadReturn calculationBrazilian local debt securitiesBrazilian global debt securitiesBrazilian local linear derivatives as futures and swapsLibor versus Fixed rate swapsHedge and immunizationRisk measurementThis book is mostly aimed at professionals working in both the financial market and academia, who want to deepen their knowledge on fixed income markets in Brazil.

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