Fixed Income Sales, Trading, Markets, and Investing

Our Fixed Income Sales, Trading, and Investing Course is the only one of its kind that will take you from the basics of bond math all the way to the sophisticated strategies used by real Wall Street professionals.  Whether you’re an ambitious beginner looking to land a job or an experienced finance practitioner looking to sharpen your edge, this course arms you with the technical skills and the intuitive framework to thrive in the world of Fixed Income.

You’ll start by mastering the mechanics of Fixed Income valuation with hands-on Excel modeling, gaining fluency in essential concepts like yield, duration, and risk. From there, you’ll dive into the world of derivatives: from swaps to swaptions, mortgage-backed securities, and credit default swaps. Finally, you’ll put everything together by exploring how investors interpret monetary policy signals and economic data and use that analysis to put dollars at risk. We’ll explore the mechanics of macro and relative value trades, yield curve strategies, and option structures. Once you’ve completed this course, you’ll have the skill to think and operate like a Fixed Income expert.

Fixed Income Sales & Trading, Markets, and Investing

  1. Part I: Bond Math Basics

    20 lessons
    1. 1. Introduction
    2. 2. Breaking In
    3. 3. Interest Rates for Dummies
    4. Quiz 1: Interest Rate Basics & Long/Short Intuition
    5. 4. Case Study Intro
    6. 5. Intro to Securitization
    7. 6. Key Terms
    8. Quiz 2: Bond Terminology and Applications
    9. 7. Intro to Corporate Bond Issuance
    10. 8. Time Value of Money
    11. 9. Build Your Own Basic Bond Model
    12. 10. The Price/Yield Relationship
    13. Quiz 3: Bond Model Practice
    14. 11. Macaulay Duration
    15. 12. Modified Duration and DV01
    16. Quiz 4: Duration and DV01
    17. 13. What Else Impacts Duration?
    18. 14. Convexity Intuition
    19. 15. Negative Convexity
    20. 16. Who Cares about Bonds, Anyway?

  2. Part II: Fixed Income Derivatives | Coming Soon October 15th

    21 lessons
    1. 1. Intro to Derivatives
    2. 2. Leverage and Funding Basics
    3. Quiz 2: Funding Markets and Carry Intuition
    4. 3. Intro to Futures and Interest Rate Swaps
    5. Quiz 2: Futures and Swaps Fundamentals
    6. 4. Interest Rate Swaps: History and Regulations
    7. 5. Modeling an Interest Rate Swap
    8. Quiz 3: Practice with Swaps
    9. 6. Off-Market Swaps
    10. Quiz 4: More Practice
    11. 7. Swaps in Practice: Rate Locks
    12. 8. Modeling and Executing a Rate Lock
    13. Quiz 5: Execution Protocol
    14. 9. Valuing and Unwinding a Hedge
    15. 10. Interest Rate Swaps for Asset/Liability Management
    16. 11. Intro to Options
    17. 12. The Interest Rate Options Market
    18. 13. Basic Swaption Pricing
    19. 14. Intro to Mortgages
    20. 15: Intro to Credit Default Swaps
    21. 16: Intro to Foreign Exchange

  3. Part III: Macro and Relative Value: from Theory to Trades | Coming Soon October 31st

    11 lessons
    1. 1: The Practitioner’s Guide to Monetary Policy and Economic Indicators
    2. 2: U.S. Treasuries: Basic Macro and Relative Value Theory
    3. 3: U.S. Treasuries: Auction Deep Dive
    4. 4. U.S. Treasuries: The Treasury Bond Basis
    5. 5: TIPS and Inflation Derivatives
    6. 6: Curve Steepeners and Flatteners
    7. 7: Butterflies
    8. 8: Conditional Curve Trades
    9. 9: Straddles, Strangles, and Condors
    10. 10: Costless Swaption Collars
    11. 11: Risk Reversals and Put/Call Spreads