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Fixed Income Securities: Tools for Today's Markets
Praise for Fixed Income Securities, Second Edition
"What distinguishes this book from many others on the subject is that Tuckman has skillfully combined intuitive rationale with mathematical analysis to give readers a clear and deep understanding of the market. Tuckman has written a comprehensive reference book that should be found on the desks of both seasoned practitioners and novices alike." Gerald Lucas, Senior Government Strategist, Director, Global Securities Research, Merrill Lynch
"This outstanding book offers a well-written and clear tutorial for many of the cutting-edge analytical techniques and models used in practice. Combines a wealth of institutional knowledge, practical tools, and realistic examples, while giving a clear understanding of the underlying theory." Francis Longstaff, Professor of Finance, The Anderson School at UCLA
"An excellent reference for anyone intending to bridge the gap between financial mathematics theory and the practice of financial markets." Marek Musiela, BNP Paribas
"This is an extremely readable book with a balance between technical detail and practical application. Unlike other books in the area, thorough and tightly knit chapters reflect Tuckman s unique background as a well-respected academic and market participant." Tony D. Kao, Managing Director, Global Fixed Income GM Asset Management
"What distinguishes this book from many others on the subject is that Tuckman has skillfully combined intuitive rationale with mathematical analysis to give readers a clear and deep understanding of the market. Tuckman has written a comprehensive reference book that should be found on the desks of both seasoned practitioners and novices alike." Gerald Lucas, Senior Government Strategist, Director, Global Securities Research, Merrill Lynch
"This outstanding book offers a well-written and clear tutorial for many of the cutting-edge analytical techniques and models used in practice. Combines a wealth of institutional knowledge, practical tools, and realistic examples, while giving a clear understanding of the underlying theory." Francis Longstaff, Professor of Finance, The Anderson School at UCLA
"An excellent reference for anyone intending to bridge the gap between financial mathematics theory and the practice of financial markets." Marek Musiela, BNP Paribas
"This is an extremely readable book with a balance between technical detail and practical application. Unlike other books in the area, thorough and tightly knit chapters reflect Tuckman s unique background as a well-respected academic and market participant." Tony D. Kao, Managing Director, Global Fixed Income GM Asset Management
528 pages, Hardcover
First published April 3, 1995
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Displaying 1 - 3 of 3 reviews
November 1, 2025
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.
April 23, 2019
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!"
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!"
April 8, 2012
Good basic intro to fixed income. A little too academic and could be organized better. Still a good resource to have though.
Displaying 1 - 3 of 3 reviews