This book is a fully revised and updated edition of two volumes used earlier in preparation for the Chartered Financial Analysts (CFA) program. However, in its current form, it goes beyond the original CFA role and provides an extraordinarily comprehensive, and yet quite readable, treatment of the key topics in fixed income analysis. This breadth and quality of its contents has been recognized by its inclusion as a basic text in the finance curriculum of major universities. Anyone who reads this book, either thoroughly or by dipping into the portions that are relevant at the moment, will surely reach new planes of knowledgeability about debt instruments and the liquidity they provide throughout the global financial markets.

这本书是一个完全修订和更新版本的两个卷，在准备特许金融分析师（CFA）计划之前使用。然而，在目前的形式下，它超越了最初的CFA角色，对固定收益分析中的关键主题提供了一个非常全面、但相当可读的处理方法。其内容的广度和质量已被公认为主要大学金融课程的一个基本文本。任何读过这本书的人，无论是通读还是深入研究目前相关的部分，都一定会对债务工具及其在全球金融市场提供的流动性有新的认识。