Show Notes
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#federalfundsmarket #commercialpaperfunding #Treasurybillandnotefutures #interestrateswaps #FederalReservepolicytransmission #Stigum039sMoneyMarket4E
Stigum's Money Market, 4E by Marcia Stigum, with Anthony Crescenzi as coauthor, is a major reference work on the money market and related segments of the fixed-income universe. First published in 1978 and substantially revised for the fourth edition in 2007, it is designed for financial professionals, money managers, institutional investors, and readers who need a practical but broad understanding of how short-term funding markets function. Rather than presenting a narrow theory of markets, the book maps the structure, instruments, institutions, and trading practices that define modern money markets. It covers the Federal Reserve, Treasury and agency securities, federal funds, commercial paper, CDs, repos, futures, options, swaps, eurodollar and related markets, as well as the impact of electronic trading and changing banking roles. Its purpose is to give readers a durable analytical framework for navigating a complex market environment where pricing, liquidity, and policy are tightly connected.