Fixed Income Strategy : A Practitioner's Guide to Riding the Curve (The Wiley Finance Series)

Rating:
Summary: Excellent Practical Introduction
Review: This book is a must-read for most wannabe fixed income traders, portfolio managers, and risk managers.
The author leads the reader through many different techniques and examples of fixed income strategy in the real world.
Concepts such as carry, roll, and rich-cheap are explained in simple terms and excellent examples highlight current examples and offer paths to future success.
The discussion of an integrated approach to generating your own view on the markets is critically useful to all asset managers and strategists.
The reason why I drop 1 star is that there is little emphasis on credit risk and credit-related strategies - which is making up an increasing component of fixed income asset management - a chapter on credit strategies would have made this a five star essential. Nevertheless a detailed and easy to read overview of bond strategies.