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.
What You'll Learn
- Present Value
- Accrued Interest
- Yield to Maturity
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.
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.
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