This lecture-style podcast is a deep dive into fixed income, specifically bonds. The instructor begins by reviewing students' prior knowledge and experience in fixed income, then outlines the course structure, which includes bond valuations, trading simulations, and guest speakers from the financial industry. The core of the lecture covers various bond types (e.g., zero-coupon, callable, putable, floating-rate bonds), their features, and calculation methods, illustrated with examples and real-world scenarios. The instructor also explains government bond auctions (competitive vs. discriminatory pricing) and repurchase agreements (repos), emphasizing practical applications and the nuances of financial markets. The podcast concludes with a Jeopardy-style game to reinforce key concepts.