“Fixed Income Securities is excellent, seamlessly combining theory and experience to make the global fixed-income markets come alive for students and practitioners. It is obvious that the authors not only understand and articulate theory with ease, but also enjoy its application to myriad simple and complicated instruments.”
Myron Scholes, 1997 Nobel Laureate in Economics; Frank E. Buck Professor of Finance, Emeritus, Graduate School of Business, Stanford University
“It takes authors who have both insight into financial economics and a thorough understanding of how markets function to write a book that integrates theory and practice so effortlessly. As market turmoil forces us to revisit historical relationships, the book’s setting of applications and data in the context of sound theory is particularly useful.”
Ravi Mattu, Managing Director and Head of Analytics, PIMCO
"Fixed Income Securities conveys intuition, is full of examples, and is comprehensive in its coverage. Professionals will find valuable insights in the authors' treatment of advanced topics; students will value the careful organization and presentation of ideas. I recommend it very highly indeed."
Krishna Ramaswamy, Edward Hopkinson Jr. Professor of Investment Banking, The Wharton School, University of Pennsylvania
“This is a great reference book for fixed income students and practitioners alike, which seemslessly combines mathematical concepts with practical applications.”
Kostas Pantazopoulos, Global Head of Interest Rate Products, Goldman Sachs
“The coverage of fixed income markets and instruments is even better than in previous editions while the book retains the same clarity of exposition via extensive, carefully worked examples. An outstanding textbook that is extensively used by practitioners is something special. This is indeed the standout text on fixed income."
Stephen M. Schaefer, Professor of Finance, London Business School
“This is a terrific reference text that combines a stong conceptual framework with real-world pricing and hedging applications. It is a must-read for any serious investor in fixed income markets.”
Terry Bolton, Global Head of Fixed Income Research, JPMorgan
“This outstanding book achieves the perfect balance between presenting the foundational principles of fixed income markets and providing interesting and insightful practical applications. This classic is required reading for anyone interested in understanding fixed income markets."
Francis Longstaff, Allstate Professor of Insurance and Finance, The Anderson School at UCLA
“This is a great book. It covers the most current issues in fixed income and reflects the authors’ deep understanding of the markets grounded in the theory of finance and many years of practical experience.”
Ardavan Nozari, Treasurer, Citigroup Global Markets Holding Inc.