Each new chapter of <i>Advanced Fixed Income Analysis, Second Edition,</i> covers an aspect of the fixed income market that has become relevant to investors but is not covered at an advanced level in existing textbooks. This is material that is pertinent to investment decisions but is not freely available to those not originating the products. Professor Choudhry places ideas into contexts in order to keep them from becoming too theoretical. While his book’s level of mathematical sophistication is both high and specialized, he includes a brief introduction to the key mathematical concepts. This is a book on the financial markets, not mathematics, and Professor Choudhry de-emphasizes derivations and proofs. He draws on both his personal experience as well as his own research to bring together subjects of practical importance to bond market practitioners.<ul><li>Presents practitioner-level theories and applications, never available in textbooks</li><li>Focuses on financial markets, not mathematics</li><li>Covers relative value investing, returns analysis, and risk estimation</li></ul>