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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

What a bond is, how coupon payments work, and why prices move opposite to yields.

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T-bills, T-notes, T-bonds, gilts — the full spectrum of government debt.

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AAA to junk — what Moody's and S&P are measuring and when the rating matters most.

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General obligation vs revenue bonds, their tax advantages, and who buys them.

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Current yield, yield to maturity, par vs premium vs discount bonds.

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Why long-duration bonds fall more when rates rise — the mechanics of duration.

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TIPS, I-bonds — how your principal adjusts and what the real yield means.

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How to build a portfolio of bonds maturing at different dates to manage reinvestment risk.

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The hybrid that converts to equity — conversion ratio, triggers, and who uses them.

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Eurobonds, emerging market debt, sovereign credit ratings, and default history.

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Bonds with no coupon — how they're priced, tax treatment, and what STRIPS are.

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