This book gives an introduction to the bond markets for practitioners and new entrants who need to understand what they are, how they work and how they can be used, but do not want to be intimidated by mathematical formulae. By the end of the book readers will be able to decide whether to invest in the bond market. The mathematical formulae will be relegated to the appendices and supplemented by a companion website which allows users to enter their own bond market investments, to simulate anticipated events and see the results.
* Patrick Brown is well-known as Chairman of the European Bond commission (recently retired)
* The only bond book that does not rely heavily on mathematical formulae

Patrick Brown's book represents a clear, concise introduction to the bond market by an expert in the field. Throughout the book, the author introduces aspects of the bond market to the novice in a non-mathematical and very accessible way. Brown brings a wealth of knowledge to the topic, and this shows in the numerous interesting details that even experienced bond professionals may not be familiar with.

This book will appeal to new recruits in an investment bank, business students or anyone curious about the bond market and would be a useful reference book to anyone working in the bond market

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