In this very good beginner's guide to the bond market, author Michael V. Brandes addresses all of the fundamental questions clearly and concisely. Bond math can be daunting, but while the author includes a few equations for illustrative purposes, he clearly addresses his book to the general run of individual investors. The book, which has moments of surprising good humor, says right off the bat that bond investing can be dull in comparison to stock investing, not because the stakes are lower, but because the elements of personality and surprise are considerably more muted in the debt market than in the equity markets. getAbstract.com highly recommends this book, even though it is pedantic at times - a risk you take when you venture into the complex realm of bond investing.
About the Author
Michael V. Brandes is Director and Fixed-Income Strategist in the Investment Strategy Group at Smith Barney, a division of Citigroup. He is the founding author of Bond Market Monthly, the firm's flagship research publication for individual fixed-income investors.