A hands-on user’s guide to the world of quantitative finance, this much-needed book shows you how to apply your advanced mathematical skills to a vast array of financial opportunities available to those investing in fixed income. Written by two analytical experts, Fixed Income Finance shows you how to: Obtain a deep understanding of the risks and rewards of bonds Use tools of modern fixed income finance to creatively solve new problems Value bonds and their derivatives using rigorous foundations Properly manage the risk-reward tradeoffs in bond portfolios Build a toolkit that you can apply to other practical problems Filled with step-by-step derivations, many of them original and detailed calculations, and other applied mathematics not easily found in existing literature, Fixed Income Finance helps you manage the ups and downs, ins and outs, of quantitative finance— quickly, easily, and profitably