Fixed Income Mathematics

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Summary: A good bridge between math and fixed income products
Review: Even though this is not really a advanced book on fixed income products analysis/modeling. It is, for technical background, a good induction book for basic fixed income products with basic analysis tools.

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Summary: Fabozzi is the Best and this is a Must Buy!
Review: Fabozzi has written a clear, concise book on the Mathematics involved with Fixed Income Products. Highly Recommended if you are thinking about getting into this field. Fabozzi has once again shown us that he is the Best!

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Summary: excellent reference, BUT. . .
Review: Fabozzi's Fixed Income Mathematics functions as a great resource guide which will help one with understanding various mathematical equations behind so many industry standard concepts. It provides the reader with a quick reference utility to check, calculate and/or teach others to how financial numbers are being evaluated. A must buy for teachers as well as students of finance.

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Summary: A must buy to teachers as well as students of finance.
Review: Fabozzi's Fixed Income Mathematics functions as a great resource guide which will help one with understanding various mathematical equations behind so many industry standard concepts. It provides the reader with a quick reference utility to check, calculate and/or teach others to how financial numbers are being evaluated. A must buy for teachers as well as students of finance.

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Summary: only book you need for Intro Cap Markets & Debt Markets clas
Review: i'm currently subjecting myself to the finance curriculum at a quant-heavy, top 5 b-school ...

while the profs consistently recommend verbose, over-complicated texts that are full of jargon & painful to read (e.g. priaulet/martelli, bodie/marcus/kane, etc.), i found this book to be the only book i need. while it doesnt spend a whole lot of time on theory & intuition, it does do a good job on fundamental math that i have been expected to master. after my profs speeds thru lecture at breakneck speed, mixing concepts & calculations, i go home & read this book to understand the math & practice the concepts.

the book is the BEST book i have used in b-school.

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Summary: The ¿Perfect¿ Book For Me
Review: Many of us will be retiring in the next few years, or may already be retired. Fixed income from our financial investments will be an important part of our lives. How many of us really know what Yield To Maturity (YTM) means? Or, for that matter, the myriad of other measurements associated with fixed-income instruments? As a retired engineer with a propensity for computational mathematics, it is my natural desire to optimize my fixed-income portfolio. This "Perfect" book gives me a good head start in my endeavors. The text is logical and easy to understand. The mathematics is "cookbook" simple. As a minimum, I will better equipped to determine the correct price for most fixed-income investments. With enough effort, I should be able to manage my own near "Perfect" portfolio. Fabozzi picks up where most writers stop, namely, the quantitative analysis.
Thank you Frank.

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Summary: Good reference
Review: Ok, so Fabozzi is the ultimate in reference material and general fixed income awareness. The book is good, it provides most of what you need to understand fixed income valuations, particularly essential bond pricing. However, the book really serves well mostly as a reference. There are few true explanations of formulas. With a little effort you can figure out the derivations yourself, but still, is not the point of buying a book with "mathematics" in the title to have something to guide you through that step? Again, worth having, but not the ultimate to explain the nitty gritty, though not sure that that text exists.

Rating:
Summary: Good reference
Review: Ok, so Fabozzi is the ultimate in reference material and general fixed income awareness. The book is good, it provides most of what you need to understand fixed income valuations, particularly essential bond pricing. However, the book really serves well mostly as a reference. There are few true explanations of formulas. With a little effort you can figure out the derivations yourself, but still, is not the point of buying a book with "mathematics" in the title to have something to guide you through that step? Again, worth having, but not the ultimate to explain the nitty gritty, though not sure that that text exists.

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Summary: This is a real beginner's guide
Review: The book was a great disappointment to me. The title and subtitle (Analytical and statistical techniques) led me to think that the book covered fixed income securities at a sophisticated and advanced level. Not so. If you need to learn how to calculate a PV, FV or IRR, this is the book for you...otherwise probably not!

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Summary: Classic, but dated.
Review: This book covers the territory of fixed income as it existed 4 to 5 years ago. Now credit derivatives trade relative to the bond markets, and have a pricing structure all their own. First-to-default baskets and credit derivatives are important fixed income products. There has been a paradigm shift in the market in the past 4 years. Credit default swaps came out of nowhere and are now $2 trillion in size and continue explosive growth, and that's just one product in credit derivatives land.

I highly recommend Tavakoli's book: "Credit Derivatives and Synthetic Structures" (2nd Edition).