rlange Wrote: ------------------------------------------------------- > I have found that duration is probably the biggest > part of fixed income. I have spent quite a bit of > time making sure that I have it down very well. In > my opinion, if you can understand duration, the > rest of the fixed income material comes together > pretty easily as it is based on mostly the same > concepts. yeah, that is true. i worry more about that than i do things like GO bonds, etc. duration, convexity, boostrapping, forwards, those are the biggies.