The book is divided into four parts, covering introduction to bonds, selected market instruments and derivatives and trading strategy. Highlights include: detailed treatment of bond mathematics, including pricing and yield analytics. This includes modified duration and convexity the concept of spot (zero-coupon) and forward rates, and the rates implied by market bond prices and yields a description of yield-curve fitting techniques, and an account of spline fitting using regression techniques an introductory discussion of term-structure models coverage of money-market instruments and analysis analysis of instruments such as callable bonds that feature embedded options a discussion of mortgage-backed securities a discussion of collateralized debt obligations techniques used in the analysis of index-linked bonds the use and applications of credit derivatives by participants in the fixed-income markets a chapter on trading techniques based on the authors personal experience.