{"id":175582,"date":"2020-09-01T19:25:00","date_gmt":"2020-09-01T23:25:00","guid":{"rendered":"https:\/\/ibkrcampus.com\/trading-lessons\/course-overview-u-s-corporate-bonds\/"},"modified":"2024-01-24T15:55:51","modified_gmt":"2024-01-24T20:55:51","slug":"course-overview-u-s-corporate-bonds","status":"publish","type":"trading-lessons","link":"https:\/\/www.interactivebrokers.com\/campus\/trading-lessons\/course-overview-u-s-corporate-bonds\/","title":{"rendered":"Course Overview &#8211; U.S. Corporate Bonds"},"content":{"rendered":"<p>While investing in corporate bonds&nbsp;is generally considered a more conservative approach than buying stocks, holders of these debt instruments still face a variety of risks.<\/p>\n<p>Many of these risks are tied to the types of corporate debt available to purchase, including:<\/p>\n<ul>\n<li>Secured and unsecured notes,<\/li>\n<li>Eurodollar or Yankee bonds, as well as<\/li>\n<li>Convertible debt and green bonds, to name&nbsp;just&nbsp;a few.<\/li>\n<\/ul>\n<p><img decoding=\"async\" class=\"half aligncenter wp-image-2490 size-medium lazyload\" data-src=\"\/campus\/wp-content\/uploads\/sites\/2\/2023\/01\/l1_.jpg\" alt=\"\" width=\"960\" height=\"540\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 960px; aspect-ratio: 960\/540;\"><\/p>\n<p>Since investing in corporate bonds is focused more on income generation and capital preservation rather than on growth, investors in this asset class will likely&nbsp;be most concerned with asking:<\/p>\n<p><em>\u2018Will I get my principal back when the bond matures\u2019,&nbsp;<\/em>and<em>&nbsp;&nbsp;<\/em><\/p>\n<p><em>\u2018Will I receive timely interest payments over the&nbsp;course of its&nbsp;lifetime?<\/em>\u2019<\/p>\n<p>To assess these risks, corporate bond investors typically conduct an analysis of the issuing company, as well as the many catalysts that may hamper its financial and operational performance, to gauge the likelihood of its potential for default.<\/p>\n<p>For example \u2013<\/p>\n<p><em>Did you know that if a company fails to make timely interest payments to a bond holder, the firm is said to be in default on the loan, and that the type of corporate debt that is held \u2013 whether secured or unsecured \u2013 may dictate whether you receive what is owed to you in the wake of its bankruptcy?&nbsp;<\/em><\/p>\n<p>In this course,&nbsp;we\u2019ll&nbsp;cover factors such as these, as well as many others.<\/p>\n<p>To become more familiar with certain terms and their meanings in the corporate bond market,&nbsp;we\u2019ll&nbsp;explore ways in which you can:<\/p>\n<ul>\n<li>Identify threats to the value of your investment,<\/li>\n<li>Conduct due diligence,<\/li>\n<li>Find and read company prospectuses,<\/li>\n<li>Determine the level of the issuer\u2019s creditworthiness and how that may change over time, as well as<\/li>\n<li>Understand pricing and performance in the primary and secondary markets, and<\/li>\n<\/ul>\n<p>Learn&nbsp;more&nbsp;about recent developments that have changed the supply and demand dynamics for these fixed income assets.<\/p>\n<p><img decoding=\"async\" class=\"half wp-image-2491 size-medium aligncenter lazyload\" data-src=\"\/campus\/wp-content\/uploads\/sites\/2\/2023\/01\/into-to-corp-bonds_lesson-1_2.jpg\" alt=\"IBKR TWS\" width=\"960\" height=\"540\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 960px; aspect-ratio: 960\/540;\"><\/p>\n<p>There, you can locate certain corporate bonds that are available to trade in the secondary market using the IBKR Bond Scanner.<\/p>\n<p>In the next chapters of the course, we\u2019ll&nbsp;dive more deeply&nbsp;into default risk and how interest rates and credit can impact the value of corporate bond investments, and for your studying strategy, you may wish to revisit previous lessons to&nbsp;bolster&nbsp;and enhance your understanding of the many facets that comprise the&nbsp;corporate&nbsp;bond market.<\/p>\n<p>After reviewing, you\u2019ll find a quiz below each lesson, along with a final exam at the end of the course; and&nbsp;to&nbsp;further&nbsp;reinforce your understanding, we\u2019ve included study notes and additional information right alongside.<\/p>\n<p>Please keep in mind that as you review this course that this material does not, and is not, intended to&nbsp;take into account&nbsp;your particular investment needs. Before acting on this material, you should consider whether it is suitable for your financial conditions, investment objectives or other requirements.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This lesson provides an overview of what to expect from the introductory course on U.S. corporate bonds.<\/p>\n","protected":false},"author":899,"featured_media":180993,"parent":0,"comment_status":"open","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"contributors-categories":[13576],"traders-academy":[13125,13128,13132],"class_list":{"0":"post-175582","1":"trading-lessons","2":"type-trading-lessons","3":"status-publish","4":"has-post-thumbnail","6":"contributors-categories-interactive-brokers","7":"traders-academy-beginner-trading","8":"traders-academy-level","9":"traders-academy-trading-lesson"},"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v27.3) - 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