The Bond Market: Trading and Risk Management

Rating:
Summary: Useful and realistic
Review: Book is great for those who want to know how bond trading really works, especially for those just starting out. Good for both salespeople and traders. However, the book is a decade old and has little on ETS and other recent developments. It also has many, many errors which are irritating, thus the 4/5. I should hope that these points are addressed in a second edition. It is otherwise well-written.

Rating:
Summary: Excellent work - the best book to understand bond concepts
Review: Ms.Ray focuses on providing a clear conceptual framework for understanding fixed income concepts. The approach is highly intuitive and reader-friendly. A must for anyone trying to get to grips with the concepts of duration, BPV, vols, forwards, etc....

Rating:
Summary: An indispensable tool to a fixed income trader or broker
Review: The Bond Market, by Christina Ray was one of the first books I read about fixed income securities that really explained how trading really is in the real world. I am happy to find another copy on ADC. This was used as a text in a class in Grad. school and I lost the book. Highly recommended.

Rating:
Summary: Incredibly Useful
Review: There are numerous books on the bond market. Many are so dense as to be opaque. Ray's book is very straightforward and simple. It gives you what you need to know about the fixed income markets in a direct fashion. Excellent for professional and academic alike.