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Bonds

Government and corporate debt, yield curves, duration risk, TIPS, and zero-coupon bonds.

11 lessons in this subject Beginner → Advanced
01
What a bond is, how coupon payments work, and why prices move opposite to yields.
02
T-bills, T-notes, T-bonds, gilts — the full spectrum of government debt.
03
AAA to junk — what Moody's and S&P are measuring and when the rating matters most.
04
General obligation vs revenue bonds, their tax advantages, and who buys them.
05
Current yield, yield to maturity, par vs premium vs discount bonds.
06
Why long-duration bonds fall more when rates rise — the mechanics of duration.
07
TIPS, I-bonds — how your principal adjusts and what the real yield means.
08
How to build a portfolio of bonds maturing at different dates to manage reinvestment risk.
09
The hybrid that converts to equity — conversion ratio, triggers, and who uses them.
10
Eurobonds, emerging market debt, sovereign credit ratings, and default history.
11
Bonds with no coupon — how they're priced, tax treatment, and what STRIPS are.
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Test yourself on Bonds in RIP.

Answer questions, earn XP, then challenge your mates to stock duels using what you've just learned.

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