The third edition of this well‎-respected textbook continues the tradition of providing clear and concise explanations for fixed income securities‎,‎ pricing‎,‎ and markets‎.‎ Fixed Income Markets and Their Derivatives matches well with fixed income securities courses‎.‎ The book‎'‎s organization emphasizes institutions in the first part‎,‎ analytics in the second‎,‎ selected segments of fixed income markets in the third‎,‎ and fixed income derivatives in the fourth‎.‎ This enables instructors to customize the material to suit their course structure and the mathematical ability of their students‎.‎