Description

Using the US government bond market as an example, gain an overview of the different types of government bonds and the related mechanics.

Learning Objectives

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1. Identify the different types of government bonds and their mechanics.
2. Recall the mechanics of T-Notes and T-Bonds.
3. Differentiate between on-the-run and off-the-run bonds.
4. Recall the function of the when-issued market.
5. Recall the function of STRIPS (Separate Trading of Registered Interest and Principal Securities).
6. Recall the function of Understand Treasury Inflation-Protected Securities (TIPS).
7. Recall the function of the real yield.
8. Recall the function of break-even inflation.