Wall Street Prep
Money Markets
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Money Markets

10 Lessons
0h 57m
54,044 Students

Money markets form the fundamental building blocks for bonds and derivatives. Master money market bond math, both in Excel and on Bloomberg.

Why You Should Take This Course

This course has everything you need to work with money market investors and investment. You'll build a foundation in bond math, work through actual investments, and see how you can use Bloomberg to help.
  • Understand money market investors and investments Explore supply and demand dynamics. Who are issuers borrowing in the money markets and who are the investors investing in money markets? We discuss how LIBOR and SOFR are based on money market rates and form the basis of the gigantic 100 trillion+ sized interest rate derivative market.
  • Build a foundation in bond math This course provides the foundations for Bond math used in other courses. By comparing single period cashflows, we discuss settlement conventions, accrual periods and yield calculations which are fundamental — whether you are working in money markets or any other part of the Fixed Income market.
  • Learn how to convert between conventions, and the impact on returns Work through actual investments that pay on a discount basis, on a yield basis, using actual/360 days and 30/360 days. Work through the dollar impacts of each, and how to find the equivalent yield for all these securities. See how you can use Bloomberg to calculate cashflows and compare investments that use different conventions in the same terms.

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

  • Commercial Paper
  • Bloomberg
  • Discounts
  • Money Market Yield
  • LIBOR/SOFR

Course Samples

Overview of the Money Markets
Overview of Money Market Bond Math: Discounts
Libor and the Eurodollar Market

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

Money Markets
1 Overview of the Money Markets 8:51
2 Money Market Bond Math: Discounts 6:50
3 Exercise: Calculating Discounts 5:22
4 Money Market Bond Math: Yields 4:54
5 Money Market Yield 3:56
6 Comparing Money Market and Bond Conventions 6:45
7 Exercise: Comparing Money Market Investments 7:15
8 LIBOR and Eurodollar Market 6:25
9 Transition from LIBOR to SOFR 6:31
10 QuizFixed Income Chapter 5 Quiz
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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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