Fixed Income Markets

 
  • Price: US$ 300.00
  • Publisher: KESDEE
  • Number of modules: 18
  • Length: 36-54 hours
  • Language: English
  • Subscription: 12 months
whats-included

How, When and Why - Investing in the Many Kinds of Debt Available Today

Learn the types and features of fixed-income securities like corporate and government bonds, TIPS and Collateralized Mortgage Obligations (CMOs) and earn how to value, manage and hedge a portfolio of fixed-income products.

Want debt markets training for your bank or financial institution?  Get prices for multiple users.

 

Fixed Income Markets: 18 modules of 2 - 3 hours each

 

Overview of Fixed Income Markets

  • Characteristics of fixed income markets
  • Various instruments and their classification

Bond Pricing and Yield Measures

  • Types of bonds and their pricing
  • Yield measures

Treasury Securities

  • Market terminology
  • Pricing Treasury notes and bonds

Corporate Bonds

  • Corporate bonds market terminology
  • Pricing
  • Role of Credit ratings

Global Bonds

  • Australian, Canadian, French, German, Irish, Italian, Spanish, Swiss, U.K and Japanese governments bonds and their markets
  • Characteristics and market practices
  • Risks

Treasury Inflation Protected Securities (TIPS)

  • How treasury inflation protected securities work
  • Risks of investing in TIPS
  • Managing TIPS portfolio
  • Income tax implication of TIPS

Duration

  • Basics of duration and modified duration
  • Computation of duration for various types of instruments

Convexity

  • Calculation of convexity for portfolios
  • Positive and negative convexities

Basis Point Value (BPV)

  • The relationship between BPV, duration and convexity
  • Calculating methodologies of BPV

High Yield Bonds

  • Definition of high yield bonds
  • Risks involved

Brady Bonds

  • Brady bond markets terminology
  • Pricing of Brady bonds
  • Risks associated with Brady bonds and their hedging

Option Embedded Bonds

  • Callable and puttable bonds
  • Valuation
  • Convertible bonds and their valuation

Collateralized Mortgage Obligations (CMOs)

  • Various types of CMOs and their structures
  • Risks inherent in CMOs
  • Legal and regulatory aspects of CMOs

Interest Rate Swaps

  • Importance of interest rate risk
  • Pricing and valuation of interest rate swaps
  • Variants in interest rate swaps
  • Swaptions

Caps, Floors, Collars and Captions

Forward Rate Agreements (FRAs)

  • Trading mechanics of FRAs
  • Trading and arbitrage strategies using FRAs

Bond Trading Strategies

  • Bond trading mechanics
  • Bond stripping
  • Relative value trade

 

Bonus: Calculators in Fixed Income Markets Course

 

  1. Calculation of FRA settlement
  2. Duration
  3. Duration of Portfolio
  4. Options Strategies
  5. Options on LIBOR
  6. Options on Futures
  7. Future and Forward
  8. Dirty Price/ Clean Price
  9. Option Free Bond
10. Yield to Maturity
11. Yield to Call
12. Time value of money
13. BPV of a Coupon Paying Bond
14. Convexity
15. BPV of a Bond
16. BPV of a Portfolio
17. BPV of a Forward Rate Agreement
18. Zero Coupon Rate
19. Pass Through Structure
20. Pay Through Structure
21. Conversion of Prepayment Rates