Fixed Income Bonds Simplified
Steven Townsend
Understand what changes a bond’s price—and why. Bonds: Simplified is a hands-on fixed-income workbench for finance students and practitioners learning, checking or explaining bond math. Change the assumptions, compare scenarios and connect the numbers to price, cash flows and rate risk. EXPLORE PRICE AND RISK Calculate fixed-rate bond prices and yields. Examine duration, convexity and rate sensitivity, then compare scenarios side by side. LEARN THE MECHANICS Build your vocabulary with the Bond Fundamentals track and glossary. Use interactive demonstrations to explore fixed-income concepts. GO DEEPER Analyze callable bonds and mortgage-backed securities. Explore call assumptions, prepayment speeds, projected cash flows and sensitivity results. CONNECT THE CURVE TO THE CALCULATION Explore Treasury curves, historical comparisons and rate trends, with observation dates shown. KEEP YOUR WORK Save comparison pairs and export summaries for further analysis or discussion. For students developing fixed-income intuition and practitioners who want a portable way to explore and explain scenarios. Calculations are estimates based on your inputs and model assumptions. They are for education and analysis and should not be relied upon for investment transactions.
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