[cm2187]

It is true that it is, but I always thought it was underserved. It’s not particularly clear or insightful and it is very academic.

On interest rates and yield curves, a book I would recommend is Sadr’s Interest Rates Swaps and their Derivatives [1]. Unfortunately it is a bit dated and a lot happened since it was written. But it is a very good book to understand interest rate models, which focuses more on the intuition and practical aspects and which I think is a lot more useful to a professional.

[1] https://www.amazon.com/Interest-Rate-Swaps-Their-Derivatives...

[minhazm423]

What did you study? How did you apply the knowledge in the book?

[cm2187]

I studied engineering, applied maths and finance. I structured interest rate derivatives for a while. That’s the book I recommend to new joiners, even those without a stem background.

[ratsimihah]

I'm seeing the 10th edition for £230 and the eight edition for cheaper. Would you be able to tell whether investing in the newer edition is worth?

[cm2187]

Are you talking about the Sadr book? I am not aware that there are multiple editions. The kindle version is $70/£55 on amazon.

[ratsimihah]

Sorry, wrong reply! I was referring to Options, Futures and Other Derivatives.