Rates Trading Education
A comprehensive introduction to fixed income and rates trading concepts.
Core Concepts
Yield Curves
Understanding the term structure of interest rates
Carry
Earning income from holding positions over time
Roll-Down
Profiting from yield curve shape as time passes
Duration & DV01
Measuring interest rate sensitivity
Convexity
Second-order price sensitivity to rate changes
Repo & Financing
Funding positions and the repo market