Bloomberg Training

10:00-10:30 AM - How to Navigate in Bloomberg

10:30-11:00 AM - Equity Functions
11:00-11:30 AM - Fixed Income Functions
11:30-12:30 PM - Idea Generation
11:30-12:30 PM - Lunch Break
01:30-02:30 PM - Portfolio Functions
02:30-03:30 PM - Bloomberg Excel

1. 10:00-10:30 AM - How to Navigate in Bloomberg

Red Keys –
Esc Cancel
CONN – to log off n log on

Yellow Keys – Sector Keys

Press a sector key to bring up the menu related to a particular sector.

To bring up the analytics and data etc for a particular stock/index/bond etc etc – after typing its name
press the correct market sector key!

Green Keys:
3 main green keys you should focus on:
1. Menu key: Brings up main menu of all diff market sectors, people, etc etc. If you are in a
function (Bloomberg speak for screen) and you hit menu key, it takes you to the prev function
(screen).
2. Message Key:
3. Help key: Type a keywork and press help key it brings up lot of related links(?).
When you are on an actual function (screen), you can press help key to find help related to
keywords and other stuff on that function (screen).
Helpx2 = Press Help key twice and it leads you to a live chat!! Help available 24x7x365.

GIP3: If an equity is loaded and you write “GIP 3” in the bar and hit <GO> (enter), it shows intraday
movement graph of that security.

Recent Menu: Shows recently used functions.

Related Menu:
Favorites: Similar to the favorites in the IE.
Alt+B: To create the buttons on the top of the screen (like a virtual keyboard).. you can configure then
here..
e.g. Alt+B -> Label: “Graph”->”GPH<GO>”

Export Menu: Here you can export the graph/ANR(analysts recommendations) to your email address
outside to use the bloomberg info outside of Bloomberg.

Terminal Menu: has the option to turn on or off the autocomplete feature … recommended to turn on!
Create a login using the CONN key and logging off first, On the login screen – leave login password blank
and hit GO – it will ask you to create one. Then you can customize it and eg. Say configure it that you
want to focus on equities sector, and so on.

“Cheatsheets”: Write CHEAT<GO> - brings up a category wise menu of cheat sheets (1-2 page PDFs that
list out all the functions and their shortcuts in that category). Take printout and keep with you when
working on some sector etc … very very helpful – recommended.

PDF<GO>: Shows ALL price provider default list. For Example: Market sector preferences -> Price source
preferences->Mortgage price preferences. Shows all pricing providers, you can select the price provider
you want to use!

2. 10:30-11:00 AM - Equity Functions

For example – researching on Goldman sachs.:

1. GS<GO>
2. Hit equity key.
3. WEI<GO> - World equity indices. Shows info on various indices across the world.
4. Click on S&P 500 – shows Intraday market map. Good way to gauge which sector are up or down
good to know where to enter in or exit out of
5. You can change it source from this function (screen) to pick stocks from your any one of your
portfolios that you have created in Bloomberg etc. It will show its split.
6. To go directly to this screen.. write IMAP<GO>.

MOST:

MRR: Which securities in your portfolio have done worst and done best in a period selected (day, 1
month, 6 month etc etc).

MOV: Similar to above but intraday.

Single security functions:

1. IBM<Equity key><GO>
2. DES – Description function – Shows all basic info on a security.
3. GIP – Intraday chart. Can select say even 5 days from this function to see last 5 day intraday
chart.
4. GPO: Chart for a date range. Click “Events” on the right side..shows various events like earnings,
dividends, acquisitions etcetc. Can select that and it shows on the chart when that happened.
And bring your moiuse on that event on graph and it shows all the event details.

Graphs home page:

1. GRAP<GO> - Graph home page
2. G<GO>- To make custom charts – can make single/multiple security charts based on tons of
parameters, can add technical indicators like Bollinger bands on it etc etc. Prefer to use this cz it
even saves your custom graphs that you can use later. (Later run e.g. by G8 to run 8th graph in
your list etc).
Earnings functions:
EM<GO> - Earnings estimates menu..
More similar functions for earnings too.

Trade tick details

QR<GO>: Time of every trade today (or any prior date – 60 days), what price, what qty etc etc.

Historical Pricing:
HP<GO> - When an equity has been loaded, go to HP function to see it historical price back to as far
back as it goes !!! with that days volume and prices !!

Financial Analysis
FA<GO>: Financials for the company. 10K stmts, as reported financial statements, Bloomberg adjusted
financial stmts etc.

CN<GO>: Company news function.

MCN<GO>: Most important news articles about the company. (Does not contain fluff etc from web as in
above function).

BRC<GO>: Research reports by company. Shows analyst details, date and time of the report,
buy/hold/sell recommendation etc etc.

RSE<GO>: Research home page – you can select researching by company, by ticker, by sector, by
country, by analyst etc etc from this screen !!

OMON<GO> : Main page for options !! Shows all ticker symbols etc etc.

**Drag the ticket symbol when you see the mouse thumb tag on it, drag to top typing area in same or
another window and it loads up that ticker symbol.

Correlations:
CORR<GO>: Main Correlation screen
PC<GO>: Peer correlation
HS<GO>: 2 see correlation between 2 securities (Good one!!)

3. 11:30-12:30 PM - Idea Generation

EQS<GO>: Great screen for idea generation. Select criteria to filter out and find securities you might be
interested in. Eg. US Securities, P/E>15, Price/Book>2, Market Cap>2000 ($2Billion), Pharma sector. This
gives us 5 securites. Then can do plethora of comparative study with comps (comps as suggested by
Bloomberg – can do comps self too).

ALRT<GO>: to set alerts. – pop up alerts/audio alerts etc.

Click more alert types to see what category of alert you want to set (for a range of securities or for your
portfolio etc). select source (eg. A particular “single security” or Your portfolio), select criteria (e.g. its
bond rating change or price change above a particular level etc).

NRR<GO>: News. Highest total readership between Bloomberg users. Biggest increase in readership
etc.

BLP<GO>: Bloomberg Launchpad – configurable set of screens with functions you use most often. It is
used to have your own set of customized Bloomberg screens load up immediately with one command.

EVTS<GO>: Events

4. 11:00-11:30 AM - Fixed Income Functions

(a) Broad market functions:

WB<GO>: (sister function to WEI)
Can see the live updates happening to various yield curves

BTMM: Bloomberg Treasuries and Money Market function:

USSW: US Goct/Swap/Agency Composite

Fannie, Freddie rates here.
All tickerised. Can drag a ticker and load that up by dropping at top.

YCRV: Yield curve analysis function.

(b) Single security functions:

Load a security first by typing the name and then press the Corp key for corporate bonds and
then select the bond from the list of available bonds.
After loading – can use various functions:

PCS: Shows the price provider list

PDF<GO>: Shows ALL price provider default list. For Example: Market sector preferences -> Price
source preferences->Mortgage price preferences. Shows all pricing providers, you can select the
price provider you want to use!

ALLQ<GO>: Quotes.
COMB<GO>: Corporate bonds. Shows list of bonds that are comparable to the bond that we
have loaded (Similar to RB for equities).
YAS<GO>: Yield analysis. Can customize the screen as per what you wanna look at?
QR<GO>: Time and sales. Whats been trading at and at what time. Shows Yield, price, Spread,
etc
SRCH<GO>: To search for bonds based on your criteria.

BYFC<GO>: Bond yield forecast screen !

I-Banking related
LEAG<GO>: League tables
Shows which banks have done which deals, their market share etc etc.

CCM: Company capital markets page.

To find recent deals for debt issuance, equity linked, or M&A by a company use this.
e.g. to see what all deals has goldman sachs done this year. First load up the GS equity and then issue
command CCM.. etc .

To see capital structure of a company (e.g. JPM or Constellation etc)

JPM <Equity><GO>
DDIS<Go>: Shows all debt coming due, who gets paid of first (the seniority order) and the capital
structure of the company etc. See actual details of each of the bonds issued, their ratings, etc etc

CDSs: Credit default swaps related functions:

CDS<GO>: Main page for CDS functions.

GCDS<GO>:
e.g. Region(America) -> Industry(Finance) -> etc etc selctoin – see graph etc.

ECCG: Equity credit comparison graph. Comparison of stock vs. its CDS graphs etc.

SOVR: Compare and analyze sovereign CDSs.

(c) Government:
FED<GO>: Main page for all FED related news etc

FFIP<GO>: Federal Funds implied probability. The futures etc details – what they are being
traded on

(d) Mortgages:

(e) Munis: Hit MUNI key to bring the MUNI main menu.
MUNI -> Offerings -> By state (e.g. PA) – To see all current offerings of Muni bonds in that state

MBXI<GO>: Average yields etc. info for Muni bonds. All tickerized – can drag and drop to
analyze further.

NWAX<GO>: MUNI Fair value indices

(f) Foreign Exchange:

FXIP<GO>: Foreign exchange information platform. Home page for the foreign exchange
related functions.
 XDSH<GO>: FX Dashboard Trading view. Shows latest quotes for all FX pairs.
FXIP<GO>: FX Rate Forecast Model.

(g) Commodities:
GLCO: Home page for commodities.
CCRV: All commodity curves.

5. 01:30-02:30 PM - Portfolio Functions

PRTU<GO>: Create a portfolio. + Settings + Enable attribution, history

PRT<GO>: “Real Time Portfolio” monitoring function. Show real time portfolio P&L and comparisons
to benchmark etc.

PRH<GO>: My portfolio related news.

PRTU -> Benchmarks :

BBAT<GO>: Bloomberg Attribution. (Attribution history goes back 10 years)

One of the most imp and freq used function by portfolio managers.
Shows the weights of your portfolio in each sectors compared to the benchmark.
(you can configure your sectors etc – from options(2) menu.)
Shows alpha (excess returns) compared to your benchmark.
You can use this to compare your portfolio to benchmarks, indices, ETFs, funds etc.
Check Allocation – shows how well job did you do in allocating funds to a sector
Check Selection – shows how well job did you do in selecting particular stocks in that sector.
(7) Heatmap – shows what worked well in your portfolio and which ones made losses
(8) Scatter – shows a scatter map
(10)Holdings – shows everything in your portfolio.

HPA<GO>: “Historical portfolio analysis” Shows your portfolio over time. Compared to your
benchmark. More based on allocations
HFA<GO>: Shows portfolio over time – performance basis compred to the benchmark

BRSK<GO>: Risk analysis for portfolios.

(a) VaR – Value at Risk
(b) Stress Tests – 26 scenarios are there – you can select any of these and see how it will impact
your portfolio and your benchmark. Cant define your own scenarios as of now – Bloomberg will
introduce that feature in future.
(c) Tracking Error –

PSD<GO>: Portfolio Slice and Dice.

Various tabs at bottom like in other screens. E.g. characteristics, detail, distribution, Trends (good!),
statistics, holdings.
Fixed income portfolio function:

KRD<GO>: Key Rate Durations. Brand new function in Bloomberg !

You can put diff scenarios to see what will happen to your portfolio, e.g. what will happen to
portfolio if say interest rate goes up 2 basis point. What will happen to my portfolio, which sector
will be hit hardest etc etc.

6. 02:30-03:30 PM - Bloomberg Excel

DAPI<GO>: Home page for Bloomberg excel add-in !! All possible information here !!

3 main Bloomberg functions that you will use in excel. All info on DAPI screen. 3 functions as follows:
1. BDP - “Bloomberg data point” – current market data
2. BDH – historical data.
3. BDS – Bulk data – e.g. statement into excel etc

To find relevant fields. Use command FLDS after loading a security in the Bloomberg terminal. To
make sure you get the field name make sure go in Options and see that “show field mnemonics” is
checked.

=BDP(security, field)

For example: =BDP(“IBM US Equity”,”PX_LAST”)

Static fields: Anything that starts with “P”

Dynamic fields: Start with “R”

Tip for writing Bloomberg formulas:

Ideally: put security names in a column and field names in a row to form a matrix format and then
write formulas in the cells in that matrix using the fixed row/column – in that case no need to write
each formula individually plus you can see what each number means in each cell by referencing that
row and column headings !!

You can also use Bloomberg data wizard in excel to just select securities, fields, periodicity, time
frame etc etc and it will write formula for you !!

Fundamental Analysis:
Use the data wizard to pull data related to fundamental analysis using the data wizard. You can
select securities and then select what info you want – it creates e.g. income statement etc etc into
excel. To see where the data in a particular cell was fetched from – right click (after it has been put
into excel) and then select Bloomberg transparency, It will open up the 10K etc wherever it pulled
the data from.. !!