{
  "slug": "fixed-income",
  "name": "Fixed Income",
  "description": "Bonds, money markets, interest-rate derivatives, and credit — the mathematics of cash-flow valuation, yield curves, duration, convexity, and credit risk.",
  "key_concepts": [
    "yield curve",
    "duration",
    "convexity",
    "swap spread",
    "credit spread",
    "OAS"
  ],
  "core_questions": [
    "How is duration computed and used?",
    "What does a 50bp parallel shift do to a 7-year duration bond?",
    "How is OAS calculated and what does it mean?",
    "What is the difference between Z-spread and OAS?"
  ],
  "related_categories": [
    "banking-credit",
    "macroeconomics",
    "derivatives-options"
  ],
  "term_count": 92,
  "key_terms": [
    "accrued-interest",
    "amortizing-bond",
    "asset-swap-spread",
    "asset-backed-security",
    "bankers-acceptance",
    "bond",
    "bond-covenant",
    "bond-ladder",
    "bullet-bond",
    "callable-bond",
    "cdo-squared",
    "certificate-of-deposit",
    "cheapest-to-deliver",
    "clean-price",
    "collateralized-debt-obligation",
    "collateralized-loan-obligation",
    "collateralized-mortgage-obligation",
    "commercial-paper",
    "convertible-bond",
    "convexity"
  ]
}