Preface to the 2004 Edition: A Historical Perspective
When first published in 1972, Inside the Yield Book made a big splash in a very shallow pond. From today’s vantage point, fixed-income activities back in those days can seem somewhat naïve, and perhaps even rather dull. But when I first found myself on the bond trading floor at Salomon Brothers and Hutzler (SB & H), it was anything but. In fact, it had some asylum characteristics, with traders and partners shouting and screaming, banging phones down in frustration, arguing bitterly with traders across the aisle, sometimes holding their heads in despair or, when a dynamite trade was consummated, giving everyone “high fives” and even occasionally jumping on the desk for ...
Get Inside the Yield Book: The Classic That Created the Science of Bond Analysis, 3rd Edition now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
