Money-market

Although the subject of the book has very little "sexappeal," it is very informative for those who have alwayswondered why the media pays close attention to the bond market andU.S. Treasuries, and well as its significance. Included in the book is a very well-written section on asset-backed securities, another burgeoning market. Overall, great book for its intended target audience, but don't waste your time with this if you're an aspiring quant-jock / trader. From my recollection, I can only recall about 2 passages which allude to some sort of calculation. Try another book if you wish to have a more rigorous treatment of bond analysis and valuation.

2000 has been the year to be in bonds. Bonds have provided much better returns than the stock market. This is the best book (out of four that I bought and read) on bonds that I have found. It is clear, easy to understand, and has everything you need to know to get started. The section on Treasury bond ladders is especially helpful.

You should read this one even if you ultimately decide that bonds aren't for you. Investment curiosities like bonds and stock moving in opposite directions, how inflation is addressed in the bond market, how to purchase treasuries without a commission, what it may mean for the economy when long term bonds are returning a lower yield than short term securities, and the power of compound interest are just a few of the topics discussed in enough depth that you will probably enjoy a whole lot better understanding of the financial markets than ever before.