investment-education

Learn how floating-rate bonds reset their coupons based on reference rates like SOFR, understand spread measures (quoted margin vs discount margin), and why floaters have near-zero duration.

Learn why bond markets are less liquid than stock markets, how to measure liquidity using bid-ask spreads, understand dealer market-making, and manage illiquidity risk in your fixed income portfolio.

Learn how to analyze corporate bonds using financial ratios, industry considerations, and indenture provisions to evaluate creditworthiness beyond relying on rating agency opinions.

Learn what green bonds are, how the Green Bond Principles work, the greenium debate, and how to invest in sustainable fixed income.

Learn how factor investing applies to fixed income: carry, value, momentum, and low-risk/quality factors in government and corporate bonds, plus how to access bond factors through ETFs.

Asset-backed securities (ABS) are bonds backed by pools of consumer and commercial loans, offering investors exposure to auto loans, student loans, equipment leases, and other receivables. Unlike mortgage-backed securities that focus on real estate, ABS securitize a diverse range of assets, providing yield enhancement and portfolio diversification for fixed-income investors. What Are Asset-Backed Securities? Key […]

Master leveraged loan trading mechanics including LSTA documentation, T+7 settlement, bid-ask spreads, mark-to-market valuation, and distressed loan trading in the secondary market.

Learn how Treasury STRIPS transform coupon bonds into zero-coupon securities and how Treasury auctions work, including single-price bidding, competitive vs noncompetitive bids, and primary dealer roles.

Learn how repurchase agreements (repos) work, including repo mechanics, tri-party vs bilateral structure, haircuts, GC vs special collateral, and how to calculate repo interest using Actual/360.

Learn how U.S. Treasury securities work, including T-bills, T-notes, T-bonds, and STRIPS. Understand Treasury auctions, primary dealers, on-the-run vs off-the-run, and how to analyze Treasury yields.