About this chapter

Bonds & Fixed Income. How bonds work, why prices fall when rates rise, and what a bond actually earns.

Labs for this chapter

• BondYield-to-maturity and rate sensitivity.
• Bond ladderBuild a ladder of maturities and see the cost, yield, and cash flow by year.
• Bond pricingPrice a bond from the market yield and see duration, convexity, and rate sensitivity.
• Fixed income portfolioEnter a bond mix and see its blended yield, duration, income, and rate-shock estimates.
• Yield curveCompare Treasury yield curves from four dates, or edit the yields, and read the spread and shape.