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Practical C++ Financial Programming by Carlos Oliveira

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CHAPTER 1

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The Fixed Income Market

The fixed income market is a large part of the financial industry, and it presents unique challenges and opportunities for its practitioners. A large amount of the money managed by pension funds and other institutional funds is allocated to fixed income investments. Because fixed income has a predictable income stream, conservative money managers view it as a safer investment option when compared to stocks and more exotic derivatives. As a result, traditional institutions commit a lot of time and effort to the fixed income industry.

As software engineers, our main goal when working in the fixed income market ...

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