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Book Review: Bonds in a day: Everything you need to master the mathematics that drives bonds

Cover of  by Stewart Cowley

With 30 years of experience having headed up bond teams at Invesco, Newton and Old Mutual, there is no doubt that Mr Cowley knows his stuff. His challenge is to simplify what is undoubtedly the most complex of asset classes: to allow non-bond experts to complete the book without their eyes glazing over.

He does a pretty good job. There is no easy way to make bonds simple, and you do need to understand the maths to gain a good understanding of pricing of bonds and the working of markets.

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