Fixed Income Securities

Aims of the course

no description

Course 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)