Complete Practitioners Guide to the Bond Market

Excellent, no nonsense, REAL-world manual to the bond market

There are not many good introductory books on the bond market geared toward readers inside the investment industry. Many of the other books are either focused on money-making strategies for amateur investors, or they are math-filled books with lots of theory but very little real-world details (Fabozzi, I'm talking about you.) Stephen Dym has written an accessible, but not simplistic overview of the bond market in this wonderful volume. He writes clearly and uses great examples. Most importantly -and this is what distinguishes his volume for others - is that he explicitly draws connections between the theory and practice - he explains how all the factors interrelate, such as central banks, US Treasury yields, economic growth forecasts, to help you see the "big picture." Can't recommend this one enough. This is a great book to read before "graduating" to a more textbook bond book with more of the math. (I'm good at math, but I often find that it helps to read some basic, real-world... read more