Fixed Income Markets - Course Outline

Fixed Income Markets - Course Outline

Fixed Income Markets

The single-best resource for understanding and participating

The themes of this product are:

Structure of fixed income markets and how they function
Practical demonstration of bond pricing mechanism
Key features of fixed income derivatives including examples and calculations
Various analytical techniques for measuring fixed income risks
Trading and hedging in bond markets

Highlights
Library of 19 Courses
Available Products
Upcoming Products

Highlights

Overview
This product deals comprehensively with Global Bond Markets- government and corporate, domestic and Euro, straight and option-embedded. Together with courses from Money Markets / Derivatives course libraries, delegates have opportunities to analyze products, pricing, trading and hedging strategies in Fixed Income Markets.

After completing this course, you will be conversant with:

Types and Features of Fixed-Income Securities
Bond Mathematics
Characteristics of Various Global Bonds
Collateralized Mortgage Obligations
Fixed Income Derivatives
Various Trading Strategies

Target Audience
Every professional involved in the global financial services industry (as a provider, user, regulator or advisor of product/services, marketplace/exchange) would benefit from KESDEE’s innovative solutions.

Supervisory Agencies

Central Banks

Financial Institutions

Commercial Banks

Investment Banks

Housing Societies/Thrifts

Mutual Funds

Brokerage Houses

Stock Exchanges

Derivatives Exchanges

Insurance Companies

Multinational Corporations

Accountancy Firms

Consultancy Firms

Law Firms

Rating Agencies

Multi-lateral Financial Institutions

Others

Course Level and Number of Courses
Intermediate Level. Library of 17 Courses

Instructional Method
Dynamic, Interactive e-learning

Recommended Background
Familiarity with basic financial concepts

To purchase this course online, visit: Link
http://www.kesdee.com/coursedetails.jsp?productid=65&groupID=3

For purchase, contact us at

Library of 19 Courses

Fixed Income Markets
Time taken to complete each Course: One - Three hours

1. Fixed Income Markets - Overview

Characteristics of fixed income markets
Various instruments and their classification

2. Bond Pricing and Yield Measures

Types of bonds and their pricing
Various yield measures

3. Treasury Securities

Market terminology
Pricing Treasury notes and bonds

4. Corporate Bonds

Corporate bonds market terminology
Pricing
Role of Credit ratings

5. Global Bonds-I

Australian, Candian, French, German, and Irish governments bonds and their markets
Characteristics and market practices in the above markets
Risks involved in the markets

6. Global Bonds-II

Italian, Spanish, Swiss, U.K and Japanese governments bonds and their markets
Characteristics and market practices in the above markets
Risks involved in the markets

7. Treasury Inflation Protected Securities (TIPS)

How do treasury inflation protected securities work
Risks of investing in TIPS
Managing TIPS portfolio
Implication of TIPS on income tax

8. Duration

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

9. Convexity

Basics of convexity
Calculation of convexity for portfolios
Positive and negative convexities and their role

10. Basis Point Value

The relationship between BPV, duration and convexity
Calculating methodologies of BPV for on and off balance sheet items

11. High Yield Bonds

Definition of high yield bonds
Risks involved in them

12. Brady Bonds

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

13. Option Embedded Bonds

Callable and puttable bonds
Valuation
Convertible bonds and their valuation

14. Collateralised Mortgage Obligations

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

15. Interest Rate Swaps

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

16. Caps, Floors, Collars and Captions

Interest rate Caps
Floors
Collars
Captions

17. Forward Rate Agreements

Trading mechanics of FRAs
Trading and arbitrage strategies using FRAs

18. Bond Trading Strategies

Bond trading mechanics
Bond stripping
Relative value trade

19. Municipal Bonds

The meaning and concept of municipal bonds
The features of municipal bonds
The types of municipal bonds
The differences between municipal bonds and corporate bonds
The municipal bond markets
The commercial credit rating of municipal bonds
he types of risks involved with respect to municipal bonds
The concept of municipal bond insurance

JOB AIDS

Measurement Tools

Calculators in Fixed Income Markets

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

Available Products

Upcoming Products

For more information about our e-learning products and services
visit us at www.kesdee.com