This book gives an introduction to the bond markets forpractitioners and new entrants who need to understand what theyare, how they work and how they can be used, but do not want to beintimidated by mathematical formulae. By the end of the bookreaders will be able to decide whether to invest in the bondmarket. The mathematical formulae will be relegated to theappendices and supplemented by a companion website which allowsusers to enter their own bond market investments, to simulateanticipated events and see the results.
* Patrick Brown is well-known as Chairman of the European Bondcommission (recently retired)
* The only bond book that does not rely heavily on mathematicalformulae