Fixed Income Securities
Aims of the course
no descriptionCourse syllabus
1. Bond Pricing and Return Measures.2. Structures of Interest Rates.
3. Types of Fixed Income Securities and Their (Global) Markets: Government, Corporate, FRNs.
4. Risks Associated with Investing in Fixed Income Securities. Fixed Income Risk Modeling. Controlling Interest Rate Risk with Futures and Options. Interest Rate Swaps.
5. Credit Considerations in Investing in High-Yield Bonds.
6. Valuations of Bonds with Embedded Options: Callable Bonds.
7. Mortgage Pass-Throughs and CMOs.
8. Bond Portfolio Management. Bond Immunization: An Asset/Liability Optimization Strategy.
Course director(s)
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