Wall Street Prep – Crash Course in Bonds

A step-by-step crash course in bonds designed for those pursuing a career in fixed income research, investments, sales and trading or investment banking (debt capital markets).

If you’ve ever tried to learn about bonds – either through a textbook, a university class, or CFA training materials, you’ve most likely discovered that it quickly gets painful. We’ll be blunt: bond analysis is usually taught horribly. Beyond super-basic concepts of bond pricing and interest rate valuation, concepts like convexity, modified duration and forward curves are introduced with no connection to how they relate to real-world investment strategies.

We made this bonds course with one overall objective in mind: to make something truly different than what’s out there now. Something that completely demystifies fixed income analysis and gives people a clear window to the inside.

We feel certain we’ve accomplished this. We take you step-by-step through the core concepts you need, and completely cut out concepts you’ll never use. The result is an intuitive look at the use of bonds in fixed income research, sales and trading and investment banking.

What You’ll Learn In Crash Course in Bonds?

• Fixed income market overview
• Bond math basics
• Yield calculations and conventions
• Money Market math
• Interest rate risk
• Real world bond pricing nuances
• Callable bonds
• The yield curve
• Nominal spread & Z-spread
• OAS
• Spot rates
• Realized compound yield
• Holding period yield
• Forward rates
• Credit analysis
• Debt Capital Markets