Formation/Cours

Students must have following an introductory course in finance. For example, they must know what discounting and interest compounding mean.

At the end of the course, the student should be able to:
– describe all the key features of a fixed-income security;
– identify the risks associated with investing in bonds ;
– identify the different bond sectors and instruments ;
– understand yield spreads ;
– value some key debt instruments ;
– use yield measures, spot rates and forward rates appropriately ;
– measure interest rate risk.

TOPIC 1 : FIXED-INCOME SECURITIES: DEFINING ELEMENTS
TOPIC 2 : FIXED-INCOME MARKETS: ISSUANCE, TRADING, AND FUNDING
TOPIC 3 : INTRODUCTION TO FIXED-INCOME VALUATION
TOPIC 4 : UNDERSTANDING FIXED-INCOME RISK AND RETURN