oreflectspecificpresentationneeds.ACKNOWLEDGMENTSIamgratefultothefollowingindividualswhoassistedindifferentwaysasidentifiedbelow:•CenkUral(BarclaysCapital)fortheextensiveillustrationsusedinChapters4,23,and25.•KarthikRamanathan(pany/PyramisGlobalAdvisors)forthedatausedinChapter9.•AnandBhattacharya(ArizonaStateUniversity)andWilliamBerliner(BerlinerConsulting&Research)fortheirfeedbackonChapter10.•OrenCheyette(Barclays)andAlexLevin(AndrewDavidson&Co.)mentingonChapter21.•JaneHoweforallowingmetousesomeofourjointworkinChapter20.•mentingonChapter21.•PeterRuforpreparingthehedgingillustrationsinChapters26and27.•DonaldSmith(BostonUniversity)forprovidingthecorrectmethodologyforvaluinginterestratecapsandfloorsinChapter28.•MarkPaltrowitz(BlackRockFinancialManagement)fortheillustrationsinChapters26and28.