This book is a great tutorial for beginners in in-depth study of bond markets. It introduces the principles of functioning of bond markets, their features, tools and participants, organization and regulation. Although the book is intended for beginners, it also pays attention to complex issues, which are usually considered only in special professional literature. This comprehensive textbook serves as a kind of bridge over the chasm between overly theorized academic papers and supersaturated technical details of practitioners' publications. The book is written in such a way as to make the study of the material as fast and fruitful as possible: it contains a block; diagrams, definitions, and its main provisions are illustrated by brilliant examples taken from real life, exercises and screens of the Reuters information service. The book is addressed to those who are interested in bond markets: novice specialists of brokerage firms and banks, private and institutional investors, as well as teachers and students of economic universities.