This monstrosity (over a thousand pages long) is at best a mediocre work of reference. Whether you are interested in fixed income from a qualitative or a quantitative perspective, you are strongly advised to stay away from this book. First it is poorly written, extremely wordy and perplexingly disorganized. Second there is no serious discussion of the ideas and mathematics used to price the securities treated. A few mathematical formulas with zero motivation whatsoever are thrown here and there. Where the formulas come from is never explained. If you are an individual trying to learn fixed income, Fixed Income Securities: Tools for Today's Markets, Second Edition, University Edition by Tuckman is a good introductory text that reads like a novel, without dumbing down the subject.

The only people who have a reason to buy this book are employees who can use company money to pay for it, and do not plan on ever reading it. Aside from serving as a reference to look up some terminology, this book is mostly useless and nobody should waste their own money on it. There are too many worthy alternatives.

这个怪物（超过一千页长）充其量只是一个平庸的参考作品。无论你是从定性还是定量的角度对固定收益感兴趣，强烈建议你远离这本书。首先，它写得很差，非常冗长，而且杂乱无章。第二，对所处理的证券定价所用的思想和数学没有进行认真的讨论。一些没有动机的数学公式到处乱扔。公式从何而来从来没有解释过。如果你是一个试图学习固定收入的人，固定收益证券：今天市场的工具，第二版，Tuckman的大学版是一个很好的介绍性文本，它像一本小说一样，没有把主题抛诸脑后。
唯一有理由买这本书的人是那些可以用公司的钱来买单的员工，他们不打算再去读这本书。这本书除了作为查阅一些术语的参考之外，基本上是无用的，任何人都不应该在这本书上浪费自己的钱。有太多有价值的选择。