Fixed Income

In this video, we cover the carry trade explained in detail and show how traders use this powerful forex strategy to profit from interest rate differentials. You’ll learn what is the carry trade, how the yen carry trade works, and why it’s so popular in forex trading. We break down the mechanics behind borrowing low-yield currencies like the Japanese yen and investing in high-yield currencies, using clear examples including a carry trade Japan scenario and a carry trade example you can follow. We also discuss when the carry trade profits, what happens during a carry trade unwind, and why this strategy is relevant for carry trade forex, carry trade IBKR, and even those studying carry trade CFA concepts. Watch until the end to test yourself with a carry trade practice question and understand the risks and rewards of this classic currency trading approach.

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Chapters:
0:00 – The Carry Trade Explained & Uncovered Interest Rate Parity
1:19 – How the Carry Trade Works
2:35 – When the Carry Trade Makes Money
5:52 – Carry Trade Practice Question with Solution

*Disclosure: This is not financial advice and should not be taken as such. The information contained in this video is an opinion. Some of the information could be wrong. This channel is owned and operated by Portfolio Constructs LLC. Some of the links above are affiliate links, meaning, at no additional cost to you, I will earn a commission if you click through and make a purchase.

In this video, Ryan O’Connell, CFA, FRM, breaks down how monetary and fiscal policy influence interest rates, inflation, and the yield curve. You’ll learn the key differences between contractionary vs. expansionary policy, how real and nominal rates relate to inflation, and how to interpret yield curve shapes like flat, steep, and inverted. We also explore how the yield curve reflects Federal Reserve and central bank monetary policy changes throughout the business cycle (including during a recession). Perfect for finance students, investors, and anyone looking to understand macroeconomic forces in a clear and actionable way.

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Chapters
0:00 – Contractionary vs. Expansionary Monetary Policy Explained
1:18 – Fiscal Policy: Contractionary vs. Expansionary Approaches
2:02 – Real vs. Nominal Interest Rates & Inflation Rate Explained
3:53 – Yield Curve Shapes: Flat, Steep, and Inverted Explained
6:39 – Yield Curve & Monetary Policy Across the Business Cycle

*Disclosure: This is not financial advice and should not be taken as such. The information contained in this video is an opinion. Some of the information could be wrong. This channel is owned and operated by Portfolio Constructs LLC. Some of the links above are affiliate links, meaning, at no additional cost to you, I will earn a commission if you click through and make a purchase.

Unlock the secrets of Financial Leverage and discover how borrowed money can amplify your returns—or increase your risks. In this video, Ryan O’Connell, CFA, FRM, explains when financial leverage works, provides a simple financial leverage example, and demonstrates the formula to calculate leveraged returns. Perfect for students and professionals, this guide highlights the power of leveraging and its impact on investment strategies. Watch now to deepen your understanding of financial leverage and how to use it effectively!

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Chapters:
0:00 – When Financial Leverage Works
0:26 – Simple Financial Leverage Example
2:50 – Formula to Calculate Leveraged Returns

*Disclosure: This is not financial advice and should not be taken as such. The information contained in this video is an opinion. Some of the information could be wrong. This channel is owned and operated by Portfolio Constructs LLC. Some of the links above are affiliate links, meaning, at no additional cost to you, I will earn a commission if you click through and make a purchase.

Dive into the world of Credit Default Swaps (CDS) with Ryan O’Connell, CFA, FRM, as he breaks down these complex financial instruments in clear, practical terms. Learn how to price credit default swaps and understand the key formulas that drive their valuations in the market. Through detailed examples, discover how to determine CDS premiums and calculate potential gains or losses on CDS contracts. Whether you’re a finance professional or student, this comprehensive guide to credit default swaps will enhance your understanding of these important credit derivatives and their role in risk management.

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Chapters:
0:00 – Definition of Credit Default Swaps (CDS)
0:55 – Pricing a CDS Contract at Initiation
3:57 – Determining Premium for a CDS Example
6:37 – Calculate Gain or Loss on CDS Contract

*Disclosure: This is not financial advice and should not be taken as such. The information contained in this video is an opinion. Some of the information could be wrong. This channel is owned and operated by Portfolio Constructs LLC. Some of the links above are affiliate links, meaning, at no additional cost to you, I will earn a commission if you click through and make a purchase.

Unlock the secrets of Z-Spread and G-Spread with Ryan O’Connell, CFA, FRM, in this comprehensive fixed income analysis tutorial. Learn how to calculate the Present Value of a risk-free bond and master the intricacies of Z-Spread computation using Excel. Watch as Ryan graphically demonstrates a parallel shift in the yield curve, providing invaluable insights into bond valuation techniques. Finally, dive into the step-by-step process of calculating the G-Spread, equipping you with powerful tools for assessing bond performance and making informed investment decisions in the fixed income market.

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💾 Download Free Excel File:
► Grab the file from this video here: https://ryanoconnellfinance.com/product/z-spread-g-spread-excel-calculator/

Chapters:
0:00 – Definition of Z-Spread & G-Spread
0:35 – Calculate the PV of a Risk Free Bond
2:36 – Calculate the Z-Spread
5:16 – Graph Parallel Shift of Yield Curve
7:06 – Calculate the G-Spread

*Disclosure: This is not financial advice and should not be taken as such. The information contained in this video is an opinion. Some of the information could be wrong. This channel is owned and operated by Portfolio Constructs LLC. Some of the links above are affiliate links, meaning, at no additional cost to you, I will earn a commission if you click through and make a purchase.

Join Ryan O’Connell, CFA, FRM, as he unravels the crucial concept of Interest Rate Parity (IRP) and its significant impact on foreign exchange markets. This comprehensive guide explains the Interest Rate Parity condition, essential for understanding currency relationships and identifying potential arbitrage opportunities. Learn the IRP formula and watch Ryan demonstrate its practical application using real market data to solve for forward exchange rates. Whether you’re a finance professional, forex enthusiast, or economics student, this video provides valuable insights into how Interest Rate Parity shapes global currency dynamics and influences international investment decisions.

🎓 *Get 25% Off CFA Courses (Featuring My Videos!) — Use code RYAN25 here:*
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Chapters:
0:00 – Interest Rate Parity (IRP) Definition
1:29 – Interest Rate Parity Formula
4:38 – Solving For Forward Rate W/ Real Data

*Disclosure: This is not financial advice and should not be taken as such. The information contained in this video is an opinion. Some of the information could be wrong. This channel is owned and operated by Portfolio Constructs LLC. Some of the links above are affiliate links, meaning, at no additional cost to you, I will earn a commission if you click through and make a purchase.

Dive into the fundamentals of Time Value of Money with Ryan O’Connell, CFA, FRM, and unlock the secrets of smart investing through easy-to-understand examples and calculations. From basics to advanced Future and Present Value computations, this video is your go-to guide for mastering investment horizons and interest rates. Enhance your financial acumen by learning how to calculate future value with a financial calculator, stepping into more informed investment decisions.

🎓 *Get 25% Off CFA Courses (Featuring My Videos!) — Use code RYAN25 here:*
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📈 *See Why I Recommend This Broker For Bonds:*
https://ryano.finance/ibkr-bonds

Chapters:
0:00 – Time Value of Money Basics
1:39 – Interest Rates Explained
1:59 – Future Value & Present Value Calculations
3:05 – Multi-Year Investment Horizons
3:56 – Calculate Future Value w/ Financial Calculator
5:35 – 20% Off CFA & FRM Courses w/ “RYAN20”

*Disclosure: This is not financial advice and should not be taken as such. The information contained in this video is an opinion. Some of the information could be wrong. This channel is owned and operated by Portfolio Constructs LLC. Some of the links above are affiliate links, meaning, at no additional cost to you, I will earn a commission if you click through and make a purchase.

In this comprehensive tutorial, Ryan O’Connell, CFA, FRM, demystifies the process of calculating the present value of a bond using the popular TI BA II Plus financial calculator. Starting with an easy-to-understand breakdown of bond terms, the video seamlessly transitions into an in-depth explanation of Present Value (PV) and its significance in bond valuation. Ryan also delves into the relationship between higher risk and required returns, a crucial aspect for investors to understand. Concluding with a practical demonstration on the TI BA II Plus, this video is a must-watch for anyone looking to master bond pricing techniques in finance.

🎓 *Get 25% Off CFA Courses (Featuring My Videos!) — Use code RYAN25 here:*
👉 https://ryano.finance/cfa

📈 *See Why I Recommend This Broker For Bonds:* https://ryano.finance/ibkr-bonds

Chapters:
0:00 – The Terms of the Bond
0:59 – Present Value (PV) Explained
3:41 – Higher Risk, Higher Required Return
4:47 – Calculate Present Value w/ Financial Calculator
6:08 – 20% Off CFA & FRM Courses

Disclosure: This is not financial advice and should not be taken as such. The information contained in this video is an opinion. Some of the information could be wrong. This channel is owned and operated by Portfolio Constructs LLC. Some of the links above are affiliate links, meaning, at no additional cost to you, I will earn a commission if you click through and make a purchase.

Join Ryan O’Connell, CFA, FRM, as he dives deep into Calculating Macauley, Modified, and Effective Bond Durations using Excel. Starting with the basics of calculating the present value of a semi-annual bond, this tutorial will guide you step-by-step through the intricacies of bond duration calculations. Bond duration is a key concept for understanding interest rate risk. Whether you’re a finance professional or just keen to learn, this video offers valuable insights and hands-on techniques. Don’t forget to like, share, and subscribe for more expert finance tutorials!

💾 Purchase the file created in this video here: https://ryanoconnellfinance.com/product/excel-bond-duration-calculator-macauley-modified-and-effective/

🎓 *Get 25% Off CFA Courses (Featuring My Videos!) — Use code RYAN25 here:*
👉 https://ryano.finance/cfa

Chapters:
0:00 – Intro to Calculating Bond Durations in Excel
0:13 – Calculating the Present Value of Semi-Annual Bond
2:37 – Calculate Macauley Duration
4:05 – Calculate Modified Duration
5:21 – Calculate Effective Duration

Disclosure: This is not financial advice and should not be taken as such. The information contained in this video is an opinion. Some of the information could be wrong. This channel is owned and operated by Portfolio Constructs LLC. Some of the links above are affiliate links, meaning, at no additional cost to you, I will earn a commission if you click through and make a purchase.

Ryan O’Connell, CFA, FRM explains an interest rate swap valuation example in Excel. The swap in question is a plain vanilla interest rate swap.

🎓 *Get 25% Off CFA Courses (Featuring My Videos!) — Use code RYAN25 here:*
👉 https://ryano.finance/cfa

💾 Download Free Excel File:
► Grab the file from this video here: https://ryanoconnellfinance.com/product/interest-rate-swaps-excel-model/

Chapters:
0:00 – Intro to Interest Rate Swaps
0:29 – Swap Basics & The Treasury Curve Explained
1:29 – Value a Series of Fixed Rate Payments
3:00 – Value a Series of Floating Rate Payments
4:12 – Value a Plain Vanilla Interest Rate Swap
5:18 – Price an Interest Rate Swap Using Excel Solver

Disclosure: This is not financial advice and should not be taken as such. The information contained in this video is an opinion. Some of the information could be wrong. This channel is owned and operated by Portfolio Constructs LLC. Some of the links above are affiliate links, meaning, at no additional cost to you, I will earn a commission if you click through and make a purchase.