The Handbook of Fixed Income Securities

Good reference for bond math and a great thing to have on any debt capital markets desk.. I use it very frequently.. its a classic ..

This book has been around for years and new editions are lapped up by fresh generations of bond geeks. You will find a copy on pretty much every fixed income desk in the industry (including mine). Why all the hoopla? Because there is simply no other book like it. Because it is simply the most comprehensive survey of the various fixed income markets in print. For a basic understanding of the structure and institutional aspects fixed income securities, Fabozzi is the inevitable first stop. All this being said, it is important to understand the book's weaknesses. There is relatively little depth in terms of analytics and if you want formulae you will have to look elsewhere. But for basic overviews, structural details and the orientation that is a precondition for deeper study, the Handbook is in a class by itelf.

The term bible of fixed income has been used in conjunction with this book numerous times. It is not an understatement. Less like a textbook, more like a guide, Fabozzi's work takes the reader step by step through the fixed income universe. The book can be found on many a practitioner's desk and has even reached cult status with a mention in Paul Stiles' Merrill Lynch recap. Just a few topics on fixed income escape discussion, but then again, Fabozzi wrote more than one book.

As a fixed income analyst for a major corporation, I have used this book to review material that I have not used for some time. This book should become a "bible" to all those who are in the financial markets and without a doubt should be a leading source of information to all those pursuing higher education within finance.

This book contains everything a beginner could care to know and everything a professional needs to know. This book is a study in fixed income securities from the basic to the complex and should be a source of information and reference for anyone studying or practicing.