Fixed Income Securities: Tools for Today's Markets, Second Edition

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Summary: The best book out there...
Review: Since all of the reviews cover the first edition, it's definitely worth noting that the 2nd edition is much improved. I've read most of the introductory books on fixed income, and none explain the market as clearly and intuitively as Tuckman. Anyone who is joining a fixed income desk or who seeks to learn more about this area should pick up this book before any others. The repo markets, interest rate and asset swaps, forwards, and futures are all covered in excellent detail. There are few discussions of duration and convexity that rival this one. Overall, this book scores high in all major areas and is highly recommended by all those I know who have come across it.

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Summary: A Super Primer on today's Fixed Income Market
Review: This book is one of the Best I have read on the topic. Mr. Tuckman has done an excellent job in describing today's Fixed Income products and marketplace using modern approaches to fixed income application and risk control. Worth every nickel!

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Summary: Great overview of fixed income securities
Review: This book provides a valuable reference for all types of fixed income securities. I lost my previous copy and immediately had to repurchase.

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Summary: Good Book
Review: This is very good book with introductory to medium level of description.

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Summary: Excellent introdution to the world of Fixed Income
Review: Tuckman's book is a lucid introduction to Fixed Income securities. It is an ideal mix of theory and institutional details.The book does not assume high mathematics knowledge, except for basic Algebra. Through the first few chapters Tuckman guides the reader through discount factors, spot rates, forward rates, Yield To maturity , duration and convexity; and with very good introductions to curve fitting, hedging and Term structure models.Part three, in my opinion is the highlight of the book, which is a detailed exposition of Term structure models.If there are any weaknesses in the book, I think they are in Mortgage Backed Securities(MBS). The treatment of MBS seems a little light. Also, the practice problems are fairly straightforward. But, the book is full of examples and practical case-studies. On the whole, this is a very good book,specially for those who are new to Fixed-Income securities.

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Summary: Excellent book for novice or practitioner
Review: Tuckman's explanations are practical and clear, his math is elegant, and examples are to the point. Either novice or professional fixed income securities trader can find a lot of interesting material in this book, and I highly recommend it.