An in-depth exploration of fixed-income derivatives, specifically bond futures and interest rate swaps, highlighting their mechanisms, uses, and significance in the financial markets.
Understanding the foundational elements of bonds, including par value, coupon rates, maturity, yield to maturity, and the distinction between fixed-rate and floating-rate bonds.
In-depth analysis of Canadian Treasury Bills, including their characteristics, uses, and the auction process for issuance.
An in-depth exploration of Canadian government bonds, focusing on Canada Savings Bonds and marketable government bonds as part of fixed-income securities
An in-depth look into the purposes, features, and credit considerations of provincial bonds in Canada.
An in-depth exploration of municipal debentures, including their types and the distinction between revenue and general obligation bonds within municipal securities.
Understand the differences between senior and subordinated debt in terms of repayment hierarchy, risk, and return profiles.
An exploration of callable and convertible bonds, their features, conditions, and impacts on both issuers and investors.
An in-depth exploration of Asset-Backed Securities, including their types, structures, and risk factors.
Understanding Eurobonds, their global market impact, and differences from domestic bonds.
An in-depth exploration of bond quotation systems, focusing on price and yield quotes, and pricing conventions.
This section explores how investors can interpret credit ratings, detailing the rating scales used by credit agencies and understanding the implications of these ratings on investment decisions and bond pricing.
An in-depth exploration of yield curves, spreads, and their implications for interpreting market trends and interest rate expectations in bond markets.
An in-depth exploration of Yield to Maturity (YTM), its significance, and the method for calculating it, emphasizing its critical role in evaluating fixed-income securities.
An in-depth analysis of the Yield to Call (YTC) and Yield to Put (YTP) for callable and putable bonds, including scenario analysis for varying market conditions.
Understanding the yield curve and its various shapes, including normal, inverted, and flat, and their economic implications.
Understand the critical aspects of the price-yield relationship in bond markets, including the inverse relationship and the impact of duration.
Understanding the nuances of bond pricing including the calculation of accrued interest and the distinction between clean and dirty prices.
A comprehensive exploration of trading strategies for bonds, focusing on Buy and Hold vs. Active Trading approaches and various related concepts.
An in-depth look at the venues where bonds are traded, including exchange-traded bonds and the over-the-counter market.
Explore the various styles of fixed-income managers and how their strategies differ based on term-to-maturity, credit quality, and interest rate anticipation. Learn about the terms, frequently asked questions, and key concepts in fixed-income management.
Learn about the intricacies of fixed-income securities, including risks, rewards, bond yields, pricing, and their relationship with interest rates. Understand the secondary market and factors affecting bond prices.
Learn how to calculate the yield on a Treasury Bill (T-bill) which trades at a discount and matures at par. This guide provides the formula, detailed explanations, and an example calculation.
Understanding the buy side of fixed-income trading, focusing on portfolio managers, traders, and the institutional clients they serve.
