The comprehensively updated new edition of a bestselling textbook that covers fundamental features of bonds, analytical techniques, and portfolio strategies. Now in its 11th edition, this bestselling textbook illuminates the complexities and dynamics of the bond markets, integrating rigorous technical content with real-world case studies to effectively bridge theory and application. Advances in technology and data availability have fundamentally transformed how fixed-income securities are valued, traded, and managed. This fully updated new edition addresses the growing demand for tools and techniques that support sophisticated decision-making in increasingly complex markets by incorporating the latest analytical frameworks and computational methods with a solid grounding in core principles. Designed for a broad audience, it gives students the fundamental knowledge they need to excel in portfolio management, trading, and risk analysis roles while equipping experienced practitioners with more profound insights into advanced strategies and contemporary challenges. New edition highlights: New chapters on analytical tools, bond trading mechanics, strategies, and backtesting Cutting-edge topics include machine learning, NLP, and trading mechanics Expanded coverage of corporate bond credit models, return attribution models, and the latest models analyzing convertible bonds Extensive new appendices feature case studies from diverse practitioners Pragmatic modular structuring adapts to diverse course designs End-of-chapter internet questions, slides, and solutions