EODHD Academy

Yield & Duration

The measurement toolkit for bonds — what each yield number really answers, duration and convexity done properly, the price of a basis point, and how the curve and a matched liability fit together.

4 units · 16 lessons · 64 min read · plus hands-on practice, at your pace

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What does a bond's coupon actually earn you?

Measuring Yield · 4 min read · practitioner

Start the first lesson

Unit 1 Measuring Yield

  1. What does a bond's coupon actually earn you? 4 min
  2. What is yield to maturity really measuring? 4 min
  3. What does yield to maturity quietly assume about your coupons? 4 min
  4. What is your yield if the issuer can hand the money back early? 3 min
Practice Check · Unit 1 A short check · cannot be failed Start

Unit 2 Duration

  1. Why is maturity a poor measure of interest-rate risk? 3 min
  2. How long, on average, do you wait for a bond's money? 3 min
  3. How much does a bond move when rates move 1%? 4 min
  4. Why does a zero-coupon bond's duration equal its maturity? 4 min
Practice Check · Unit 2 A short check · cannot be failed Start

Unit 3 Convexity & Sensitivity

  1. Why does duration alone get large rate moves wrong? 3 min
  2. How do you correct a duration estimate with convexity? 4 min
  3. What is one basis point worth, in money? 4 min
  4. How do you build a bond portfolio that pays a bill in eight years? 6 min
Practice Check · Unit 3 A short check · cannot be failed Start

Unit 4 The Yield Curve

  1. What is the market saying when the curve changes shape? 5 min
  2. What do traders mean by a steepener or a flattener? 4 min
  3. Why do long bonds usually pay more — expectations, or compensation? 4 min
  4. What have you actually learned about yield and duration? 5 min
Practice Check · Unit 4 A short check · cannot be failed Start

Last Course exam

One exam, the whole course Unlocks when you have read all 16 lessons

Passing it earns the course certificate.