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.
Explore the concept of interest rate sensitivity in fixed-income securities, focusing on duration, convexity, and their impact on bond prices and yields in the face of interest rate changes.
A comprehensive exploration of credit risk, credit ratings, and their implications on fixed-income securities, including distinctions between investment-grade and high-yield bonds.