Wall Street Prep
Government Bonds
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Government Bonds

10 Lessons
1h 4m
52,781 Students

Learn bond math using real bonds. Master coupons, yields, and duration calculations in both Excel and on Bloomberg.

Why You Should Take This Course

This course has everything you need to work with US government bonds. You'll learn how to use the Bloomberg terminal to work in the market, decipher complex jargon, and master the trading conventions you need to know to succeed on the trading floor.
  • Learn how to use Bloomberg to analyze real bonds There are thousands of US government bonds, so where do you start? We work through Bloomberg monitors and shortcuts to learn how to pull up a specific bond if you have one in mind or find the current on-the-run bond for a particular maturity.
  • Master the trading conventions Imagine your first day on the trading floor, you are given a quote of “103-06+” for a $100 million of a specific treasury. What does that mean, and how much do you need to pay and when for that specific bond? Decipher the jargon, memorize the conventions, and avoid making costly mistakes on day one.
  • Discover how coupons, yields, and durations are calculated — and why they matter Bond math is typically taught poorly, with too many formulas, and too abstractly. We do it differently. We work through actual bonds and coupons. We work through, in Excel, how to calculate the coupon payments, accrued interest, prices, yield and duration by hand. And we show you where to find all this on Bloomberg and how it is done on the job.

This course is part of the Fixed Income Markets Certification (FIMC©), a complete course that teaches you the skills you need to succeed as a Fixed Income Trader on either the Buy Side or the Sell Side.

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What You'll Learn

  • Bloomberg
  • Present Value
  • Accrued Interest
  • Yield to Maturity
  • Duration

Course Samples

Introducing US Treasuries
US Treasury Cashflows
Duration

Get the Fixed Income Markets Certification

This course can be taken standalone, or as part of the Fixed Income Markets Certification Program. Graduates of the program earn a Wall Street Prep certification that can be shared with potential future employers.

Course Extras

  • Taught by bankers

    Our instructors are former investment bankers who give lessons real-world context by connecting it to their experience on the desk.

  • Earn a Certification

    Take this course standalone, or, to earn a shareable certification, as part of Wall Street Prep's Fixed Markets Income Certification Program.

  • Used on the Street

    This is the same comprehensive course our corporate clients use to prepare their analysts and associates.

  • Free Unlimited Access to the WSP Support Center

    Receive answers to questions, free downloads, and more from our staff of experienced investment bankers

Course TOC

Government Bonds
1 Introducing US Treasuries 10:36
2 US Treasury Cashflows 6:33
3 Tresury Strips and Present Value Calculations 6:06
4 Accrued Interest 4:22
5 US Treasury Pricing Convention 4:43
6 Exercise: Calculating Accrued Interest & Clean Prices 9:46
7 Yield, Yield to Maturity 6:13
8 Exercise: Calculating Yield 7:54
9 Duration 8:09
10 QuizFixed Income Chapter 6 Quiz
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CPE logo Wall Street Prep is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
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