Bonds and Other Fixed Income Securities

Bond Fundamentals

Nominal and Real Interest Rates; Compounded and Continuously Compounded Interest Rate Formulas

The Present Value and Future Value of Money - Compare any investments—not just bonds—by calculating the present value and future value of money.

The Present Value and Future Value of an Annuity - An annuity is a series of equal payments made in equal periods of time. Understanding annuities allows one to understand loans, and investments that make periodic payments, such as bonds.

Introduction to Bonds

Complete Introduction to Bonds in a 1-page format.

Bond Indentures

Bond Yields

Bond Pricing

Investment Risks of Fixed Income Securities

Bond Ratings and Credit Risk

Volatility Of Bond Prices In The Secondary Market; Duration; Convexity

The Primary Bond Market

Term Structure of interest Rates: the Expectation Hypothesis and the Liquidity Premium Theory

Interest Rate Risk of Bonds; Full-Valuation Approach (aka Scenario Analysis)

Duration and Convexity, with Illustrations and Formulas

Types of Bonds

International Bonds

Convertible Bonds

Preferred Stock and Fixed Rate Capital Securities

Money Market Instruments

Money Market Instruments

Certificates of Deposit (CDs)

Commercial Paper

Repurchase Agreements (Repos)

Federal Funds

Bankers Acceptances (BAs)

Medium-Term Notes

Government Securities

Municipal Bonds

United States Savings Bonds

United States Treasury Securities: Bills, Notes, Bonds, Treasury-Inflation Protected Securities (TIPS), and STRIPS

United States Treasury Auctions

The Primary Market and Secondary Markets for United States Treasury Securities.

United States Treasuries - Glossary of Terms

Corporate Bonds

Corporate Bonds - An Introduction

Corporate Bond Types: Mortgage Bonds, Collateral Trust Bonds, Equipment Trust Certificates (ETCs), Debentures, and Guaranteed Bonds

High-Yield Bonds (aka Junk Bonds)

Asset-Backed Securities

Asset-Backed Securities (ABS)

Asset-Backed Securities (ABS): Structure

Prepayment Models For Asset-Backed Securities

Asset-Backed Securities (ABS): An Overview of Credit Ratings

Asset-Backed Securities (ABS): Credit Analysis

Special Purpose Entity (SPE)

Credit Enhancements

Mortgage-Backed Securities (MBS)

Collateralized Mortgage Obligations (CMOs)

Collateralized Debt Obligations (CDOs)

Covered Bonds

Credit Card Asset-Backed Securities

Credit Card Asset-Backed Security Structure And Cash Flow Allocations

Auto Loan and Auto Lease Asset-Backed Securities

Auto Lease ABS; Titling Trust and Residual Risk

Derivatives

Derivatives

Death Bonds

Interest Rate Swaps and Interest Rate Options

Credit Default Swaps (CDS)

Topics

Taxation of Bond Income

Bond Resources

Bonds - Links, Articles, Studies, and Resources

Bond Formulas