Definitions for the most common bond and fixed income terms. Annuity, perpetuity, coupon rate, covariance, current yield, par value, yield to maturity. etc.| Corporate Finance Institute
Treasury Bills ("T-Bills") are a short-dated financial instrument issued by the US Treasury that mature in a few days up to 52 weeks.| Corporate Finance Institute
The Market Value of Debt refers to the market price investors would be willing to buy a company's debt at, which differs from the book value on the balance sheet.| Corporate Finance Institute
Credit risk is the risk that a lender will extend credit to a borrower but will not be paid back. Learn more!| Corporate Finance Institute
Algorithmic trading strategies involve making trading decisions based on pre-set rules that are programmed into a computer.| Corporate Finance Institute
Learn why LIBOR was phased out, what replaced it in global markets, and how the transition impacts loans, derivatives, and financial benchmarks worldwide.| Corporate Finance Institute
Explore CFI's free resource library of Excel templates, interview prep, and deep dives into the topics you need to know for a career in finance and banking.| Corporate Finance Institute
Basis Points (BPS) are the commonly used metric to gauge changes in interest rates. A basis point is 1 hundredth of one percent.| Corporate Finance Institute
The cost of debt is the return that a company provides to its debtholders and creditors. Cost of debt is used in WACC calculations for valuation analysis.| Corporate Finance Institute
Standard & Poor’s is an American financial intelligence company that operates as a division of S&P Global. S&P is a market leader in the| Corporate Finance Institute
Understand credit rating frameworks, scales, and their impact on bond pricing and risk. Strengthen your fixed‑income knowledge—explore now!| Corporate Finance Institute
The 10-year US Treasury Note is a debt obligation that is issued by the US Treasury Department and comes with a maturity of 10 years.| Corporate Finance Institute
Junk Bonds, also known as high-yield bonds, are bonds that are rated below investment grade by the big three rating agencies| Corporate Finance Institute
Fixed-income trading is the process of trading fixed-income securities over-the-counter in a market that offers low transaction costs.| Corporate Finance Institute
Fixed income securities are a broad class of very liquid and highly traded debt instruments, the most common of which is a bond.| Corporate Finance Institute
Bond pricing is the science of calculating a bond's issue price based on the coupon, par value, yield and term to maturity. Bond pricing allows investors| Corporate Finance Institute
There are different types of bond issuers. These bond issuers create bonds to borrow funds from bondholders, to be repaid at maturity.| Corporate Finance Institute
Bonds are fixed-income securities that are issued by corporations and governments to raise capital. The bond issuer borrows capital from the bondholder and makes| Corporate Finance Institute