Description

Matan Feldman – Crash Course in Bonds and Debt – Wall Street Prep review, Matan Feldman – Crash Course in Bonds and Debt – Wall Street Prep download, Matan Feldman – Crash Course in Bonds and Debt – Wall Street Prep free

Matan Feldman – Crash Course in Bonds and Debt – Wall Street Prep

Why You Should Take This Course

We’ll be blunt: bond analysis is usually taught horribly. Our course completely demystifies fixed income analysis to give people from the outside a clear window to the inside.

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 Will Learn

• 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

PLUS: 

We’ll show you how market practitioners use Bloomberg on the job.

Wall Street Prep’s Crash Course in Bonds is used at top financial institutions and business schools.

Get the Bond Math & Analysis Certification

Trainees are eligible to take the Crash Course in Bonds Certification Exam for 24 months from the date of enrollment. Those who complete the exam and score above 80% will receive the certification. The exam is a challenging online examination covering the most difficult concepts covered in the Crash Course in Bonds and Debt.

Course TOC

Chapter 1: Fixed income market overview

1. What is fixed income?

2. Course Downloads

3. Size of the bond market

4. Bond market geographic breakdown

Chapter 2: Bond basics

5. Basic bond terms

6. Basic bond math

7. Using Excel’s RATE() function

8. Reinvestment assumption of YTM

9. YTM vs. current vs. nominal yield

10. Annuities

11. Bond price as present value of a bond’s cash flows

12. Simple bond price exercise

13. More bond terms

14. Bond issuance costs

15. The price/yield relationship

16. Primary vs. secondary bond market

17. The bid/ask spread

18. Bond basics review

Chapter 3: Yield calculations and conventions

19. Coupon frequency and bond equivalent yield (BEY)

20. BEY vs Effective annual yield (EAY)

21. Converting from BEY to EAY

22. Compounding conventions of 0-coupon bonds

23. Yield calculations and conventions review

Chapter 4: The money market math

24. Money market yield

25. Money market math exercises

26. Compounding

27. Discount basis

28. Converting interest rates

29. Money market instruments

30. The money market math review

Chapter 5: Real world bond pricing nuances

31. Settlement date

32. Bond pricing between coupons

33. Fractional periods

34. Day count convention

35. Dirty price

36. Dirty price exercise

37. Clean vs dirty price

38. Useful Excel functions

39. Bond pricing exercise, part 1

40. Bond pricing exercise, part 2

41. Bond pricing exercise, part 3

42. Interpreting the Bloomberg bond screen

43. Bond pricing nuances review

Chapter 6: Realized compound yield and holding period yield

44. Realized compound yield and holding period yield

45. RCY / HPY exercise, part 1

46. RCY / HPY exercise, part 2

47. RCY / HPY exercise, part 3

48. Realized compound yield and holding period yield review

Chapter 7: Interest rate risk

49. Intro to interest rate risk

50. DV01

51. Hedging interest rate risk

52. Estimating the price impact of rate changes

53. Modified duration & dollar duration

54. Modified duration exercise

55. Useful Excel functions for interest rate risk

56. Modified duration exercise, part 2

57. Modified duration exercise, part 3

58. Convexity

59. Convexity exercise

60. How convexity is applied in practice

61. Duration/convexity between coupons

62. Duration/convexity between coupons exercise

63. Interpreting the Bloomberg YAS screen

64. Interest rate risk review

Chapter 8: Callable bonds

65. Make whole call

66. Make whole call, Apple example

67. Callable bonds

68. Sinking fund redemption

69. Yield to call and yield to worst

70. Callable bonds review

Chapter 9: The Yield Curve

71. Yield curve intro

72. Term structure theory

73. Monetary policy intro

74. Federal funds and the discount rate

75. Open market operations

76. Other central bank tools

77. Summary of forces affecting the yield curve

78. Yield curve shape at various points in the business cycle

79. Yield Curve review

Chapter 10: Spot rates

80. Spot rates intro

81. Spot rates role in bond valuation

82. Full vs YTM bond valuation approaches

83. Bootstrapping the spot curve, part 1

84. Bootstrapping the spot curve, part 2

85. Spot rates review

Chapter 11: Z-spread and OAS

86. Yield spreads and the z-spread

87. Option adjusted spread

88. Z-spread and OAS review

Chapter 12: Forward rates

89. Forward rates

90. Forward rate exercise, part 1

91. Forward rate exercise, part 2

92. Trading strategy using forward rates

93. Forward rates review

Chapter 13: Credit analysis

94. Credit risk

95. Credit analysis

96. Navigating Clear Channel’s bond agreement

97. Credit analysis review

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