The Bond Futures Basis
This book examines the bond futures basis in detail, the essential link between the bond and futures markets. It examines the workings of a futures contract, the uses and trading strategies. It also takes a more detailed look at recent volatility in the bond markets and the impact this has had on the bond vs futures relationship.
Trevor Pugh has worked in financial markets since 1995. During that time, he has run the Gilt trading desk at Barclays and the Sterling Rates trading desk at HSBC. More recently, he has gained experience in hedge funds and other areas of financial services and is now working at Tradition where he has launched a successful Inter-Dealer Broker desk in the Gilt market. Trevor also has a strong academic background, and his experience of writing and lecturing demonstrates a proven ability to communicate ideas to a wide range of audiences. He has authored book chapters and academic papers and produces a highly regarded weekly Sterling commentary.