on 11 November 1999
Whenever I browse through the business and finance section of a bookshop, it always seems there's such a large selection of items on one subject that it's difficult to know which one to pick, especially if (as I am) one is new to the subject. This book is great for beginners, or anyone who wants to know more about the subject of bonds. It stands out because it's cheap, but also because the topic coverage is comprehensive and also because (as I found out later) the author actually traded bonds in the market and so brings a different insight to the subject. Highly recommended.
on 1 August 2012
Was given this book to read on the fixed income floor of an investment bank. I have some experience of capital markets but still learnt a lot from this book. I would say that it is a great intro to fixed income products and a must-read primer for anyone interested in or working in the area. The detail and worked examples help it outclass other primers in this area, yet it didn't assume any high level of background knowledge.