The book is the best in the business and the bible of fix income instruments. I bought it to review some concepts and I am very happy I did.

Good reference for bond math and a great thing to have on any debt capital markets desk.. I use it very frequently.. its a classic ..

Great purchase. The authors do a superb job of describing topics in basic terms then escalate to the nitty gritty number crunching behind the concepts. I recommend for anyone needing a complete guide to FI securities.

very good as a reference and general overview; if you want more detail and in-depth analysis you should look for something else but there's lots of specific lieterature out there so this still makes a good starting point

This should get a zero rating. Every other page is blank. There is no information anywhere. There are some vague definitions of things like "mortgage." Don't waste your money.

This should get a zero rating. Every other page is blank. There is no information anywhere. There are some vague definitions of things like "mortgage." Don't waste your money.

this is the de facto desk reference for fi securities. it is thorough and well presented. if you are working with fi, you probably have it, if not, you should. also highly recommend the fixed income mathematics text as well.

this is the de facto desk reference for fi securities. it is thorough and well presented. if you are working with fi, you probably have it, if not, you should. also highly recommend the fixed income mathematics text as well.

i give 4.5 stars.

many reviewers comment that this book lacks depth, but hey, it just tries to give a general overview on a variety of fixed income securities, that's what it is, and this book does reasonably well on this purpose. it never means to contain everything on every fixed income securities.

the only thing i am concerned is that the page numbers listed on the index sometimes do not match.

Although the money and height of this book are so "High", however, I also think the content of this book is higher than these "High". In Taiwan, we believe that there are gold in the books. This is the book which have gold.

Adam Hsu (Taiwan)

It is not a quant book, but there are a lot of information about bonds market you should know before applying any model.
This book has a lot of these informations that I think you would spend many days and weeks googling for.
Don't worry if you feel like needing a more math intensive book. You should by this one, a quant book and read some papers to leverage you knowledge.
Don't forget to spend sometime talking to traders too.

Book offers meaningless tasks to deliver. Too much time reading, and too much time wasted if applied.

This book probably tells you everything you need to know about bonds. Certainly, I was asked four 'interview' questions about bonds the other day and I could answer all 4 confidently after reading just the opening chapters.

However the length of the book works against it. It's so huge, Fabozzi hasn't written it all himself, rather, he's relied on a number of authors to contribute chapters.

This results in an uneven flow. After a chapter 5, a fairly complex chapter covering things like calculating the yield-to-maturity by combining all of a bond's cashflows, comes chapter 6, covering such basics as how to calculate a percentage return if you invest x dollars and get back y dollars 1 year later!

Another problem is that the book's got so huge, Fabozzi's even forgotten what's in it. For example, repos are covered in pages 295-301, and pages 1048-1054. However, the coverage is almost identical, word-for-word. One is clearly just a slightly edited version of the other. Both chapters are written by Fabozzi and Steven V Mann. Perhaps Fabozzi, as editor, simply forgot that he included the information previously, and added it in again in a later edition. This kind of repetitivness just wastes the reader's time.

I totally agree with Amit's review. For a practitioner's perspective Bruce Tuckman's "Fixed Income Securities: Tools for Today's Markets" is a much better choice than Fabozzi.

If you want to learn about fixed income securities, then this is your book. It is very comprehensive and contains a wealth of information.

The only downside to this book is that, unless you really, really interested in fixed income, it will put you too sleep. There were several times where I had to re-read paragraphs/pages, because I went into a daydream.

Despite this drawback, it is an excellent resource and I will not give it my copy of it.

This is meant to be the fixed income manual, but if there are dozens of uncorrected math errors which is inexcusable in a sixth edition. This book is overrated, and if you are new to this subject, it is dangerous.

I recommend Bruce Tuckman's Fixed Income Securities on the same topic as a better alternative. I noticed it is currently the #3 seller with banks and credit unions (Fabozzi's isn't even on the radar screen), and there is a good reason they prefer Tuckman's book over this one.

(...) It gives a lot of general info on a lot of different Fixed income topics. It's a good ref. for people just getting involved with fixed income. However if you are looking for focused material, you should look into one of Frank's books on that area. Good overall intuition on Fixed income markets and products.

If you are in the financial world dealing with fixed income directly or indirectly, just entering into the fixed income world, or looking for a great FI reference, go no further. This is it. Very broad with heavy MBS influence as well as the basics of fixed income. This is for novice to intermediate FI users. Academics and advanced portfolio managers might find this general. But, for the large population this is the spot.

This book has been around for years and new editions are lapped up by fresh generations of bond geeks. You will find a copy on pretty much every fixed income desk in the industry (including mine). Why all the hoopla? Because there is simply no other book like it. Because it is simply the most comprehensive survey of the various fixed income markets in print. For a basic understanding of the structure and institutional aspects fixed income securities, Fabozzi is the inevitable first stop. All this being said, it is important to understand the book's weaknesses. There is relatively little depth in terms of analytics and if you want formulae you will have to look elsewhere. But for basic overviews, structural details and the orientation that is a precondition for deeper study, the Handbook is in a class by itelf.