Fixed Income OpenCourseWare

Course Materials

Lecture Notes

Detailed notes for each lecture, covering derivations, definitions, and worked examples. Notes are released alongside each weekly batch.

Lec. 01

Bank Account, Discounting, Zero-Coupon Bonds, and Spot Rates

Brigo & Mercurio 1.1–1.2

Foundational discounting objects for the course: money-market account, short rate, discount factor, zero-coupon bond, and spot-rate conventions.