Fixed Income Analysis

Learning Outcomes

Upon successful completion of this course, students are expected to be able to explain and interpret factors affecting the valuation of fixed income securities; apply and compare appropriate financial analysis to value fixed income securities; and to design and evaluate the performance of a portfolio of fixed income securities

Topics

1. This course is intended to provide coverage of the bond products, analytical techniques for valuing bonds and quantifying their exposure to changes in interest rates, and bond portfolio strategies
2. Students will learn tools for valuing and measuring yield
3. These tools include yield curve construction, duration and convexity, and formal term structure models
4. While it is relatively easy to formulate the income claims of fixed-income securities, however it is also important for students to learn more challenging issues such as corporate bond credit analysis, active bond portfolio strategies and bond performance measurement and evaluation