[Series 65] 22, Bond Pricing Yields and Duration

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - The fundamental inverse relationship between bond prices and interest rates. - How to identify the correct order of yields (Nominal, Current, YTM, YTC) for both premium and discount bonds. - That duration, not maturity, is the key measure of a bond's price sensitivity to interest rate changes. - How to spot the most volatile bond by looking for the longest maturity and lowest coupon. - The common exam trap of identifying the 'yield to worst' for callable bonds trading at a premium (YTC) or discount (YTM). For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep