Bond markets, deep dive
An advanced follow-up to Bonds and fixed income that goes under the hood of how bond prices actually move, covering the yield curve, duration, convexity, and credit spreads.
Price and yield move in opposite directions
Locked until the prerequisite course is complete.
Yield to maturity vs coupon rate vs current yield
Locked until the prerequisite course is complete.
The yield curve: what it is and how to read it
Locked until the prerequisite course is complete.
Inverted yield curves and what they signal
Locked until the prerequisite course is complete.
Duration, part 1: measuring interest rate sensitivity
Locked until the prerequisite course is complete.
Duration, part 2: estimating a price change from a rate move
Locked until the prerequisite course is complete.
Convexity: why duration's straight line isn't the full picture
Locked until the prerequisite course is complete.
Credit risk and credit ratings, revisited
Locked until the prerequisite course is complete.
Credit spreads in practice: why they widen and narrow
Locked until the prerequisite course is complete.
Callable bonds and other structural features
Locked until the prerequisite course is complete.
Effective duration and option-adjusted spread
Locked until the prerequisite course is complete.
Key rate duration: sensitivity to one part of the curve at a time
Locked until the prerequisite course is complete.
Riding the yield curve and roll-down return
Locked until the prerequisite course is complete.
Portfolio structures: ladders, barbells, and bullets
Locked until the prerequisite course is complete.
How bonds actually trade: dealers, quotes, and liquidity
Locked until the prerequisite course is complete.
Inflation-linked bonds: real yield and breakeven inflation
Locked until the prerequisite course is complete.