Starter
Understanding Bonds and Fixed Income
Learn how bonds work, why they matter, and how professionals use them to manage risk and generate income.
Lessons in this course
Work through them in order, or jump to whichever fits where you are. Every lesson is free and saves your progress locally.
- 01What Is a Bond?
- 02Price vs Yield: The Seesaw Relationship
- 03SOFR: The Rate That Replaced LIBOR
- 04Duration: Measuring Interest Rate Risk
- 05Credit Spreads: Pricing Default Risk
- 06Capital Structure: Who Gets Paid First?
- 07Reading a Bond Quote: YTM vs Current Yield vs Coupon
- 08Bond Ratings and Credit Migration
- 09Duration and Convexity: Intuition for Retail Investors
- 10MBS, Agency, and Muni: Beyond Treasuries and Corporates
- 11Bond ETFs vs Individual Bonds: When Each Makes Sense