Lesson 1

The Rate Structure

Interest rates aren't just 'the interest rate.' There's an entire structure of rates, each with different meanings and implications.

Lesson 2

The Yield Curve (T10Y2Y): Your Economic GPS

The yield curve (T10Y2Y) is the single most important recession indicator in finance.

Lesson 3

Real Rates: What Actually Matters

Nominal rates (what you see quoted) aren't what matter for economic decisions.

Lesson 4

The Term Premium

Long-term yields aren't just expectations about future short rates.

Lesson 5

Credit Spreads: The Fear Gauge

Credit spreads measure the risk premium investors demand for lending to corporations instead of the government.