Learning hub
Interest rates without the headache.
Start with everyday money, then move into bonds, SOFR, futures, options, duration and overlays.
Why interest rates matterMortgages, car finance, savings, credit cards and investments.
What is a Treasury bill?Short-term U.S. government borrowing and why investors use it as collateral.
Why bond prices fallThe intuition behind duration and mark-to-market risk.
What is SOFR?The benchmark behind a large part of the U.S. interest-rate market.
What are futures?How markets create exposure without paying full notional upfront.
What are options?Premium, protection and why extra expected return is not free.
What is an overlay?Separating the asset holding your cash from where market risk is taken.
What is duration?Why a 30-year bond can move much more than a 3-month Treasury bill.