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Learn/Sales and trading foundations

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Learn Sales and trading foundations

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B Basic

Bonds and how they are priced8m
Yields: current yield and yield to maturityPro8m
The yield curve and what moves itPro9m
Options basics: calls, puts, and payoffsPro9m

A Advanced

Duration, DV01, and convexityPro10m
Option pricing intuition and put call parityPro10m
FX: quotes, crosses, and forwardsPro9m

FlashcardsPro0/28
Basic quizPro80% passes
Advanced quizPro80% passes
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Sales and trading foundations

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Flashcards Start the first lesson

The products every desk trades, from the price of a bond to the value of an option to a currency forward. Learn the math once and the interview questions stop being trivia.

BBasic4 lessons

1Bonds and how they are pricedA bond is a list of promised cash flows. Its price is what those cash flows are worth today, discounted at the rate the market demands.8 min
2Yields: current yield and yield to maturityProYield is the return you lock in by buying at today's price. There are two you need: current yield, which is quick and rough, and yield to maturity, which is the one the market quotes.8 min
3The yield curve and what moves itProPlot yields against maturity and you get the curve. Its level and shape tell you what the market expects from the central bank and the economy.9 min
4Options basics: calls, puts, and payoffsProAn option is the right, not the obligation, to buy or sell at a set price. Draw the payoff at expiry and most interview questions answer themselves.9 min
Basic quizPro10 questions, 80% passes

AAdvanced3 lessons

5Duration, DV01, and convexityProDuration tells you how much a bond's price moves when yields move. DV01 turns that into dollars per basis point, which is how a rates desk measures risk.10 min
6Option pricing intuition and put call parityProYou do not need to derive Black Scholes. You need to know what makes an option more or less valuable, how calls and puts tie together, and what each greek measures.10 min
7FX: quotes, crosses, and forwardsProA currency pair is the price of one currency in another. Get the quote convention straight, then crosses and forwards are arithmetic.9 min
Advanced quizPro9 questions, 80% passes