Wall Street Prep
Introduction to Bonds & Fixed Income Trading
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Introduction to Bonds & Fixed Income Trading

17 Lessons
1h 42m
52,750 Students

Explore an insider’s view of the bond market. Learn how bond traders and investors measure returns.

Why You Should Take This Course

  • Get an Insider's View of Fixed Income Learn how bonds are traded on Wall Street from an actual Wall Street trader. Learn how the business is set up and how markets are made.
  • Decode Bond Jargon There is a ton of jargon on Wall Street. We decode the key terms of a bond and practice deciphering a Bloomberg DES screen.
  • Master Bond Returns Develop an intuitive sense of what bond returns should be. What happens to bond prices as yield moves? How do you think about bond returns with a short-term time horizon? Where is the market expecting my bond to yield in the future?

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

  • OTC Trading
  • Bloomberg DES Screen
  • Coupons vs. Yields
  • Bid vs. Offer
  • Carry & Slide

Course Samples

Where Does Sales & Trading Fit Within an Investment Bank?
Cash vs. Derivatives
Bond Coupons

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 Syllabus

Fixed Income Trading
1 Where does Sales & Trading fit within an Investment Bank 4:01
2 Cash versus Derivatives 4:28
3 Overview of Rates & Credit Asset Classes 5:59
4 Overview of MBS, ABS and Securitization 4:32
5 Wall Street Trading Desk Overview 5:13
6 Over-The-Counter OTC Trading 4:53
7 Bid-Offer Directionality 5:12
8 Using Derivatives as a Hedge - Part 1: Interest Rates 3:53
9 Using Derivatives as a Hedge - Part 2: Credit and FX 5:30
Introduction to Bonds
10 Bearer Securities 7:06
11 Bond Coupons 5:50
12 Bloomberg DES Screen 3:04
13 Coupons versus Yields 7:55
14 Exercise Review: Coupons versus Yields 9:47
15 Bond Returns, Carry and Roll-Down (Slide) 7:21
16 Example: Carry, Slide & Expected Return 8:31
17 Introduction to Swaps, Spread to Swaps 8:09
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Earn CPE Credits with WSP Online Courses

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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