Interactive Brokers

U.S. Bond Investing Basics

Steven Levine

Instructor: Steven Levine

8,059 already enrolled

Included with Coursera Plus

Gain insight into a topic and learn the fundamentals.
4.6

(49 reviews)

Beginner level

Recommended experience

15 hours to complete
3 weeks at 5 hours a week
Flexible schedule
Learn at your own pace
Gain insight into a topic and learn the fundamentals.
4.6

(49 reviews)

Beginner level

Recommended experience

15 hours to complete
3 weeks at 5 hours a week
Flexible schedule
Learn at your own pace

What you'll learn

  • Distinguish between types of U.S. dollar-denominated corporate and municipal debt issuance

  • Identify corporate and municipal bonds available to purchase and sell on an online trading platform

  • Grasp the market mechanics underlying each type of fixed income instrument

  • Conduct basic analyses and flag critical investment risks

Details to know

Shareable certificate

Add to your LinkedIn profile

Assessments

21 assignments

Taught in English

See how employees at top companies are mastering in-demand skills

Placeholder

Build your subject-matter expertise

This course is part of the Practical Guide to Trading Specialization
When you enroll in this course, you'll also be enrolled in this Specialization.
  • Learn new concepts from industry experts
  • Gain a foundational understanding of a subject or tool
  • Develop job-relevant skills with hands-on projects
  • Earn a shareable career certificate
Placeholder
Placeholder

Earn a career certificate

Add this credential to your LinkedIn profile, resume, or CV

Share it on social media and in your performance review

Placeholder

There are 3 modules in this course

In this module, you will learn to: differentiate different types of municipal debt-Identify different features of municipal bonds available to purchase and sell on an online trading platform; track the trading performance of municipal bonds in the secondary market; grasp the market mechanics underlying municipal bond issuance; conduct fundamental, governance, and default risk analyses and calculate debt service coverage ratios.

What's included

6 videos2 readings7 assignments3 peer reviews

Determine how taxes are applied to different types of fixed income issuance, including in-state and out- of-state municipal bond purchases, Build America Bonds (BABs), corporate bonds and U.S. Treasuries, as well as examine recent tax law changes, and how taxes apply to capital gains and losses. Learn how to compare the yields of tax-exempt and taxable debt issuance, as well as explore how taxes are applied to different types of municipal bonds. Learn how to access detailed municipal bond reports through an online trading platform, as well as consult resources such as the MSRB's EMMA, which houses critical municipal bond documentation and data, including Official Statements and Continuing Disclosures.

What's included

4 videos1 reading5 assignments2 peer reviews

Learn what it means for a company to fail to honor its debt obligations and what this portends for its creditors, define the recourse corporate bondholders have in the wake of a company's default or bankruptcy filing, as well as describe certain default risk mitigation methods.Explore how Investors of corporate bonds may commit a tremendous amount of time to fundamental analysis to inform their investment decisions – conducting analyses on credit, market, liquidity, operational, and political risks, among countless others – when considering the potential for default. Examine how interest rate changes and central bank monetary policies can affect corporate bond prices, as well as influence levels of supply and demand in the market. Identify the steps involved in the creation of a corporate bond issuance, as well as examine some of the regulatory rules that govern this process. Examine the differences between yields and prices of corporate bonds trading in the secondary market, as well as explore the nature of basis point spreads.

What's included

9 videos1 reading9 assignments2 peer reviews

Instructor

Instructor ratings
4.4 (14 ratings)
Steven Levine
Interactive Brokers
8 Courses91,946 learners

Offered by

Recommended if you're interested in Finance

Why people choose Coursera for their career

Felipe M.
Learner since 2018
"To be able to take courses at my own pace and rhythm has been an amazing experience. I can learn whenever it fits my schedule and mood."
Jennifer J.
Learner since 2020
"I directly applied the concepts and skills I learned from my courses to an exciting new project at work."
Larry W.
Learner since 2021
"When I need courses on topics that my university doesn't offer, Coursera is one of the best places to go."
Chaitanya A.
"Learning isn't just about being better at your job: it's so much more than that. Coursera allows me to learn without limits."

Learner reviews

Showing 3 of 49

4.6

49 reviews

  • 5 stars

    75.51%

  • 4 stars

    18.36%

  • 3 stars

    0%

  • 2 stars

    4.08%

  • 1 star

    2.04%

AL
4

Reviewed on Sep 10, 2024

AA
5

Reviewed on Mar 6, 2023

New to Finance? Start here.

Placeholder

Open new doors with Coursera Plus

Unlimited access to 7,000+ world-class courses, hands-on projects, and job-ready certificate programs - all included in your subscription

Advance your career with an online degree

Earn a degree from world-class universities - 100% online

Join over 3,400 global companies that choose Coursera for Business

Upskill your employees to excel in the digital economy

Frequently asked questions