This course describes the concept of bond futures and basis trading as used in the futures market. Key concepts such as cheapest-to-deliver bonds, implied repo rates and conversion factors are discussed in detail. The course also covers zero-coupon bonds, high yield debt, the concept of relative value trading, and the use of derivative instruments to hedge a fixed income portfolio. A solid understanding of futures and fixed income is assumed.

This value pack includes nine courses:

  • Bond futures
  • Bond futures basis
  • Basis trading
  • Zero-coupon bonds
  • High yield debt
  • Bond hedging with options
  • Bond hedging with swaps
  • Relative value trading - an introduction
  • Relative value trading - strategies and risks

Click here for a full description of each course.

These courses form part of the Intuition short course suite. 

Learning objectives


365 Days