# Risky debt

## Defaults

### Defaults

### Haircuts

## Pricing

### Securities pricing

### Hedging

### Arbitrage

### Efficient markets hypothesis

### Risk-free rates

### Capital Asset Pricing Model (CAPM)

### Arbitrage Pricing Theory (APT)

### Martingale pricing

### Arbitrage

Pairs trading

Delta neutral strategies

Exchange arbitrage

Mean reversion

Scalping

Transaction cost reduction

Market making

Statistical arbitrage

Spoofing

Quote stuffing

### Put-call parity

### The fundamental theorem of arbitrage pricing

### Yield curve

### Primary and secondary markets

### Secured and unsecured debt

### Seniority

### Instruments

Debt types: inflation protected, interest linked (SVR etc)