Fixed Income Trading

Fixed income trading involves the buying and selling of securities including government and corporate bonds. Learn the basics of those securities and how they are impacted by government and fiscal policy and other macroeconomic indicators.

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How to Open a Swing Trade Account Andrew Grossman Updated Jun 21, 2023

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How to Swing Trade Andrew Grossman Updated Aug 30, 2024

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Asset-Backed Commercial Paper (ABCP): Definition and Uses James Chen Updated Jun 08, 2022

Credit-Linked Note (CLN): A security with an embedded credit default swap permitting the issuer to shift specific credit risk to credit investors.

What Is a Credit-Linked Note (CLN), and How Does It Work? James Chen Updated Apr 04, 2024

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Equity-Linked Note (ELN) Definition and Features James Chen Updated Jan 31, 2022

Explore Fixed Income Trading

All Fixed Income Trading Strategy & Education

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Riding the Yield Curve: What it Means, How it Works James Chen Updated May 23, 2022

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Why Hedge Funds Love Investing in Distressed Debt Rebecca Baldridge Updated Jun 16, 2023

Normal Yield Curve: What it is, How it Works James Chen Updated Apr 26, 2022

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Non-Marketable Security: Definition, Examples, Vs. Marketable James Chen Updated Jun 20, 2022

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What Is a Negative Bond Yield? How It Works in Investing James Chen Updated Nov 27, 2020

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What Is Prepayment Risk? Definition, Consequences, and Examples James Chen Updated May 23, 2022

What Is the Fixed Income Clearing Corporation (FICC)? History Adam Hayes Updated Jul 25, 2022

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Interpolated Yield Curve (I Curve): Definition and Uses James Chen Updated Jun 15, 2022

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Treasury Lock: Overview and Examples in Fixed Income Trading James Chen Updated May 23, 2022

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Repudiation: Meaning, Examples and FAQs in Fixed Income Will Kenton Updated May 23, 2022 Convertible Hedge: What it Means, How it Works, Example Cory Mitchell Updated Oct 10, 2022

Matrix Trading: What it is, Risks, Example Cory Mitchell Updated Jun 28, 2022

Death Put: Meaning, Pros and Cons, Example Cory Mitchell Updated May 01, 2022

Master Notes: What It Is, How It Works, Example Jason Fernando Updated May 30, 2022

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Brave Enough to Invest in Greek Bonds? Here's How The Investopedia Team Updated Mar 21, 2022

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Constant Proportion Debt Obligation (CPDO): Meaning, Limitations James Chen Updated Jun 27, 2022

Collateralized Mortgage Obligation vs. Collateralized Bond Obligation Casey Murphy Updated Jun 27, 2022 Modified Pass-Through Certificate Jason Fernando Updated Jul 23, 2022

What Are Some Examples of Debt Instruments? Claire Boyte-White Updated Sep 12, 2022

What Does Market Segmentation Theory Assume About Interest Rates? The Investopedia Team Updated May 02, 2023 Empirical Duration James Chen Updated Jun 26, 2022

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Risk-Free Asset: Definition and Examples of Asset Types James Chen Updated Jan 28, 2021

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How to Calculate Macaulay Duration in Excel Nick Lioudis Updated Jun 03, 2024

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How to Profit From Investing in Failing Company Debt Brian J. Bloch Updated May 30, 2022

How Do I Calculate Convexity in Excel? Updated May 09, 2023

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Global Bonds: What it is, Overview of How it Works James Chen Updated Apr 25, 2022

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Convertible Bond Arbitrage: Definition, How It Works, Examples Adam Hayes Updated Jun 04, 2022

Interest Rate Collar: Definition, How It Works, Example James Chen Updated Jun 15, 2022

Substitution Swap

Substitution Swap: Meaning, Example, Risks James Chen Updated Nov 26, 2021 Municipal Bond Arbitrage: What It is, How It Works James Chen Updated Jun 20, 2022

Intermarket Spread Swap

Intermarket Spread Swap James Chen Updated May 31, 2022

Zero-Coupon Mortgage

Zero-Coupon Mortgage: What It is, How it Works Daniel Liberto Updated Feb 13, 2023

Next Generation Fixed Income

Next Generation Fixed Income (NGFI) James Chen Updated Nov 18, 2022

Range Accrual Options: Types and Calculations Akhilesh Ganti Updated Jun 08, 2022

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Cashless Conversion: Overview, Example, FAQ Cory Mitchell Updated Jun 17, 2022

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Vintage: What it is, How it Works, Special Considerations James Chen Updated May 20, 2022

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What Is Portfolio Runoff? Definition, How It Works, and Examples Adam Hayes Updated Apr 27, 2022

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Single Monthly Mortality (SMM): What it is, How it Works James Chen Updated Jun 30, 2022

Personal Loans

Aggregator: What it is in Real Estate Investing James Chen Updated May 15, 2022

Stripped MBS: A mortgage-backed security that derives cash flows either from principal or interest payments on a basket of home loans.

Stripped MBS: What It Means, How It Works Daniel Liberto Updated Nov 01, 2022

Assignment Of Trade (AOT): Meaning, Example, Criticism Daniel Liberto Updated May 29, 2022

Half-Life: What It Means, How It Works, Example Daniel Liberto Updated Jun 11, 2023

Calamity Call

Calamity Call: What It is, How It Works, Example James Chen Updated May 31, 2022

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48-Hour Rule: What It is, How It Works, Example James Chen Updated Jun 09, 2024

Drop: What It is, How it Works, Pros and Cons James Chen Updated Jun 03, 2024

Reverse Convertible Note (RCN): What It is, How It Works Lucas Downey Updated May 23, 2022

Dedicated Portfolio

Dedicated Portfolio: Meaning, Pros and Cons, Example James Chen Updated Nov 05, 2020

Jumbo Pool

Jumbo Pool: What It Means, Benefits, Risks Alice Zhang Updated Oct 30, 2022

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Delayed Perpetuity: Meaning, Examples, Calculations Julia Kagan Updated Aug 27, 2022

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How the Money Market Hedge Works Elvis Picardo Updated Jun 10, 2024

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Inverse Relation Between Interest Rates and Bond Prices Nick Lioudis Updated Jun 30, 2024

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Barbell: Definition in Investing, How Strategy Works, and Example James Chen Updated Apr 30, 2024

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Calculating the Dollar Value of Basis Points in Excel Troy Segal Updated Jan 30, 2022

Floating Charge: Definition, How They're Used, and Example James Chen Updated Aug 06, 2024

Is the USAA Money Market Fund USAXX Worth It? Greg DePersio Updated Sep 30, 2021

Illustration that defines liquidity preference theory: The assumption that investors prefer cash or other highly liquid holdings.

Theory of Liquidity Preference Definition: History, Example, and How It Works James Chen Updated Jul 06, 2024

Commercial & Industrial Loan for Business Growth

Coupon Equivalent Rate (CER): Meaning, Formula, Example Marshall Hargrave Updated Apr 26, 2022

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Yield to Maturity vs. Holding Period Return: What's the Difference? Updated May 15, 2023

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What Is a Basis Rate Swap? Definition, Example, and Basis Risk Adam Hayes Updated Apr 06, 2022

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Variable Rate Demand Note: Explaining VRDNs James Chen Updated Aug 24, 2024

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