Faculty & Research

Terrence M. Belton

Adjunct Professor of Finance

Phone :
(312) 325-4650
Address :
5807 South Woodlawn Avenue
Chicago, IL 60637

Terrence Belton is managing director and global head of Fixed Income Strategy for J.P. Morgan Securities, Inc. A former economist for the Federal Reserve Board in Washington, D.C., he was also a senior economist for the Federal Home Loan Mortgage Corporation, as well as first vice-president and director of research at the Discount Corporation of New York Futures in Chicago.

Belton's work has been published numerous times. Articles he has authored include "Swaps as a Synthetic Asset Class," written with Pavan Wadwha in the Journal of Fixed Income; "The New Breed: Option Adjusted Spreads," published in Secondary Mortgage Markets; and "Market Discipline in Regulating Bank Risk: New Evidence from the Capital Markets," written with Robert B. Avery and Michael A. Goldberg and published in the Journal of Money, Credit and Banking. He is also the author of The Treasury Bond Basis: An In-Depth Analysis for Hedgers, Speculators, and Arbitrageurs written with G. Burghardt.

Belton earned a bachelor's degree from Boston College in 1978. He received a master's degree and a PhD in 1983, both in economics from the University of Michigan.

 

2013 - 2014 Course Schedule

Number Name Quarter
35101 Futures, Forwards, Options & Swaps: Theory and Practice 2014 (Winter)

With G. Burghardt, The Treasury Bond Basis, third edition (McGraw Hill, 2005).

With P. Wadhwa, "Swaps as a Synthetic Asset Class," The Journal of Fixed Income (December 2002).

With G. Burghardt, "Volatility Arbitrage in the Treasury Bond Basis," The Journal of Portfolio Management (spring 1993).

With G. Burghardt, M. Lane, G. Luce, and R. McVey, Eurodollar Futures and Options (Probus Publishing, 1991).

With G. Burghardt, "Balancing Act: Hedging the Price Risk in ARMS," Secondary Mortgage Markets (fall 1990).

For a listing of research publications please visit ’s university library listing page.

Additional Information