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Corporate Bonds

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Corporate Bonds

Included in:  Fixed Income Markets Certification (FIMC©) ,

  •   23 Lessons
  •   2h 16m
  •   67,437 Students

Master the credit markets. Learn the core skills of spreads, trading conventions, and new issue valuation that credit salespeople, traders, issuers, and investors all need to know.

$79 Add to Cart
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Why You Should Take This Course

This course has everything you need to work with corporate bonds. You'll learn how to use the Bloomberg terminal to work in the market, decipher complex jargon, and master the trading conventions you need to know to succeed on the trading floor.
  • Discover how credit spreads work You’ll see multiple spreads on Bloomberg — a G, T, I and a Z spread — but what are the differences and which one should you use? In this course, we will build up a government and corporate bond curve, define what these different spreads mean, and learn why we use each one.
  • Demystify how corporate bonds are traded We’ll walk through the sales process of a corporate bond, how runs are created and how the execution process works. We’ll discuss the concept of DV01 and explain how it is used to calculate markups.
  • Learn how new-issue corporate bonds are valued Bond Issuers are continuously watching for opportunities to issue bonds. Whether to refinance existing debt, fund growth, or to repurchase shares, companies are always watching the market. Learn how you arrive at the right price, yield or spread for a new-issue bond.

This course is part of the Fixed Income Markets Certification (FIMC©), a complete course that teaches you the skills you need to succeed as a Fixed Income Trader on either the Buy Side or the Sell Side.

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What You'll Learn

  • Bloomberg
  • Credit Spreads
  • Bond Valuation
  • Credit Analysis
  • Callable Bonds

Course Samples

Get the Fixed Income Markets Certification

This course can be taken standalone, or as part of the Fixed Income Markets Certification Program. Graduates of the program earn a Wall Street Prep certification that can be shared with potential future employers.

Course Extras

  • Taught by bankers

    Our instructors are former investment bankers who give lessons real-world context by connecting it to their experience on the desk.

  • Earn a Certification

    Take this course standalone, or, to earn a shareable certification, as part of Wall Street Prep's Fixed Markets Income Certification Program.

  • Used on the Street

    This is the same comprehensive course our corporate clients use to prepare their analysts and associates.

  • Free Unlimited Access to the WSP Support Center

    Receive answers to questions, free downloads, and more from our staff of experienced investment bankers

Course TOC

Corporate Bonds
1. Course Downloads Files
2. Corporate Bond Overview 6:44
3. Overview of Credit Spreads 7:16
4. Credit Spreads: T&G Spreads (to Governments) 3:15
5. Credit Spreads: I & Z Spreads (to Swaps) 4:23
6. Corporate Bond Yield to Price Exercise 7:55
7. Corporate Bonds on Bloomberg, Trader Runs 6:30
8. Trade Execution Process 6:06
9. Markup & DV01 6:12
10. New Issue Process 6:37
11. Overview of Valuing Corporate Bonds 7:22
12. Valuation: Secondary Curves, Part 1 4:10
13. Valuation: Secondary Curves, Part 2, Debt Distribution 4:39
14. Relative Value 4:43
15. New Issue Premium 7:39
16. Syndicate Pricing Sheet 6:29
17. Credit Analysis and Ratings Drift 8:20
18. Seniority and Recovery Rates 4:56
19. Creditor Waterfalls 3:53
20. Solutions to: Recovery Values Exercise 11:59
21. High Yield Bonds 7:19
22. Exercise Solution: Yield to Call 9:12
23. Corporate Bonds Review Quiz

Earn CPE Credits with WSP Online Courses

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Wall Street Prep is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.