{"id":272,"date":"2026-07-19T16:20:31","date_gmt":"2026-07-19T16:20:31","guid":{"rendered":"https:\/\/eclass.co.ke\/class\/lesson\/6-1-introduction\/"},"modified":"2026-07-19T17:41:25","modified_gmt":"2026-07-19T17:41:25","slug":"6-1-introduction","status":"publish","type":"eclass_lesson","link":"https:\/\/eclass.co.ke\/class\/lesson\/6-1-introduction\/","title":{"rendered":"6.1 Introduction"},"content":{"rendered":"<ul>\n<li>Interest rates are both a barometer of the economy and an instrument for its control.<\/li>\n<li>The term structure of interest rates-market interest rates at various maturities-is a vital input into the valuation of many financial products.<\/li>\n<li>The goal of this topic is to explain the term structure and interest rate dynamics-that is, the process by which the yields and prices of bonds evolve over time.<\/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>Interest rates are both a barometer of the economy and an instrument for its control. The term structure of interest rates-market interest rates at various maturities-is a vital input into the valuation of many financial products. The goal of this topic is to explain the term structure and interest rate dynamics-that is, the process by [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","class_list":["post-272","eclass_lesson","type-eclass_lesson","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/eclass.co.ke\/class\/wp-json\/wp\/v2\/eclass_lesson\/272","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=272"}],"version-history":[{"count":2,"href":"https:\/\/eclass.co.ke\/class\/wp-json\/wp\/v2\/eclass_lesson\/272\/revisions"}],"predecessor-version":[{"id":408,"href":"https:\/\/eclass.co.ke\/class\/wp-json\/wp\/v2\/eclass_lesson\/272\/revisions\/408"}],"wp:attachment":[{"href":"https:\/\/eclass.co.ke\/class\/wp-json\/wp\/v2\/media?parent=272"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}