Introduction

Activities of the Capital Markets

The Money Market

Primary and Secondary Markets

The Instruments

US Treasury Securities

US Agency Securities

Mortgage Backed Securities

Agency Pass-through Securities

Private Pass-through Securities

Other Mortgage Securities

Municipal Instruments

Classes of Municipal Securities

Other Types of Municipal Securities

Municipal Notes

Taxable-Equivalent Yield

Tax-Exempt Ratio

Corporate Debt Instruments

Corporate Bonds and Notes

Convertible Bonds

Medium Term Notes

Bond Provisions

Credit Ratings

Money Market Instruments

Repos and Reverse Repos

The Fed Funds Market

Certificates of Deposit

Commercial Paper

Banker’s Acceptances

Financial Futures and Options

Financial Futures

Differences Between Futures Contracts and Forward Contracts

Options

Non-US Fixed Income Securities

Glossary

Capital Markets Quiz