Bond Markets

� How much accrued interest is payable by the buyer in addition to traded price? � Covers the costs of a bond if quoted on a yield basis � Includes the rules for adjusting coupon rates � Explains how different instruments are normally quoted � Covers how yields are quoted and calculated. As cross-market bond trading has increased, it has become vital for international participants to understand the many different features that characterize the various international bond markets. Of particular interest to bond traders and investors are factors such as calculation of prices, accrued interest, yields, and durations. Bond Markets compares and contrasts all major bond markets.