Fixed Income Securities: Tools for Today's Markets

by Bruce Tuckman, Angel Serrat

Build or brush up on the foundation you need to be a sophisticated fixed income professional with this proven book  Fixed Income Tools for Today’s Markets  has been a valued resource for practitioners and students for over 25 years. Clearly written, and drawing on a myriad of real market examples, it presents an overview of fixed income markets; explains the conceptual frameworks and quantitative tool kits used in the industry for pricing and hedging; and examines a wide range of fixed income instruments and markets, government bonds; interest rate swaps; repurchase agreements; interest rate futures; note and bond futures; bond options and swaptions; corporate bonds; credit default swaps; and mortgages and mortgage-backed securities.  Appearing a decade after its predecessor, this long-awaited Fourth Edition is comprehensively revised  

Genres: Finance, Nonfiction, Textbooks, Business

560 pages, Hardcover

First published April 3, 1995

Reviews

[Abhinav Saini · Rating 5 out of 5]

Fantastic introduction to Fixed Income! The book doesn't cover plethora of topics but what it does it covers well. I really liked the explanations on Treasury Futures, Short Rate Models. Some sections could be better written for e.g. Securitised Products. Overall, I would rate this and Hull's book as a must read for beginner quants.

[Lizi Zhu · Rating 5 out of 5]

It's a good book. I'm talking about the third edition that came out in 2012. But it's poorly written. The authors talk about things the way the narrator of Gossip Girl talks. They discuss things in a manner in which you tell your kid a fairy tale before saying good night to her/him. One should never try to discuss science in such way, ever.
But it has good stuff in it. It's almost like an aweful stand up comedian that throws a golden punch line every twenty minutes. Hopefully you are still awake then.
The overall reading experience could be summarized as 70% percent of the time you wonder "what in the wolrd are you on about, yo" and 5% of the time you go "wow, that does make sense. You practionners do know things a professor doesn't!"

[Sean · Rating 3 out of 5]

Good basic intro to fixed income. A little too academic and could be organized better. Still a good resource to have though.