{"id":246,"date":"2026-07-19T16:20:31","date_gmt":"2026-07-19T16:20:31","guid":{"rendered":"https:\/\/eclass.co.ke\/class\/lesson\/2-1-introduction\/"},"modified":"2026-07-19T17:41:25","modified_gmt":"2026-07-19T17:41:25","slug":"2-1-introduction","status":"publish","type":"eclass_lesson","link":"https:\/\/eclass.co.ke\/class\/lesson\/2-1-introduction\/","title":{"rendered":"2.1 Introduction"},"content":{"rendered":"<p>Global fixed-income markets represent the largest subset of financial markets in terms of number of issuances and market capitalization.<\/p>\n<p>In 2010, global fixed-income markets were three times larger than global equity markets.<\/p>\n<p>Understanding how fixed-income markets are structured and how they operate is important for debt issuers and investors.<\/p>\n<ul>\n<li>Debt issuers have financing needs that must be met.<\/li>\n<\/ul>\n<p>Funding needs may include:<\/p>\n<ul>\n<li>Infrastructure projects (schools, roads, hospitals, etc.) for governments;<\/li>\n<li>Business expansion for corporations, and<\/li>\n<li>Liquidity and credit needs for financial institutions.<\/li>\n<\/ul>\n<h3>Lesson Wrap-Up<\/h3>\n<p>This lesson should leave you able to explain the introduction in a fixed-income context and connect it to the decisions made by issuers, investors, or analysts.<\/p>\n<h3>Review Prompts<\/h3>\n<ol>\n<li>Explain introduction in your own words.<\/li>\n<li>State one exam-style risk, valuation, or market implication of the introduction.<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"<p>Global fixed-income markets represent the largest subset of financial markets in terms of number of issuances and market capitalization. In 2010, global fixed-income markets were three times larger than global equity markets. Understanding how fixed-income markets are structured and how they operate is important for debt issuers and investors. Debt issuers have financing needs that [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","class_list":["post-246","eclass_lesson","type-eclass_lesson","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/eclass.co.ke\/class\/wp-json\/wp\/v2\/eclass_lesson\/246","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/eclass.co.ke\/class\/wp-json\/wp\/v2\/eclass_lesson"}],"about":[{"href":"https:\/\/eclass.co.ke\/class\/wp-json\/wp\/v2\/types\/eclass_lesson"}],"author":[{"embeddable":true,"href":"https:\/\/eclass.co.ke\/class\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eclass.co.ke\/class\/wp-json\/wp\/v2\/comments?post=246"}],"version-history":[{"count":2,"href":"https:\/\/eclass.co.ke\/class\/wp-json\/wp\/v2\/eclass_lesson\/246\/revisions"}],"predecessor-version":[{"id":382,"href":"https:\/\/eclass.co.ke\/class\/wp-json\/wp\/v2\/eclass_lesson\/246\/revisions\/382"}],"wp:attachment":[{"href":"https:\/\/eclass.co.ke\/class\/wp-json\/wp\/v2\/media?parent=246"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}