
Explore day count conventions like actual by actual and 30 by 360, accrued interest, and the clean versus dirty price, plus the inverse price-yield relationship.
Understand yield to maturity under the reinvestment at a constant rate assumption for a bond held to maturity with semiannual coupons, and how price and yield relate inversely.
Explore how modified duration, derived from macro duration and yield, measures a bond's price sensitivity to interest rate changes and aids comparison of bonds and risk assessment.
Fixed Income (Bond) valuation and analysis is a strategy or process which is often used by the government or companies to determine the correct market value of the instrument. Through this course we are going to be learning bond pricing techniques, bond mathematics and curve trading.
The training will include the following;
Understanding Bond Mathematics
Practical Bond Pricing Techniques
Term Structure of Interest Rates
Using Duration as a Hedging or Trading Technique (Concept of Duration and convexity)
Trading the Yield Curve with Cash Market Securities
Yield Curve
An Introduction to Curve Trading
Money market Instruments
Certificates of Deposit (CDs)
Fixed Income course and is designed for those who want to learn about fixed Income. Through this course you will be learning basic features of fixed income, bond indenture, credit enhancements, fixed income cash flows, primary & secondary market for bonds, fixed income classifications, corporate debt, agency debt, calculating bond price, market discount rate, constant yield price trajectory, bond valuation with spot rates, forward rates, matrix pricing, yield to call, spread & its impact, calculation of bond rate, duration with convexity, effects of change in YTM and many more concepts. The training will include the following; Bond Pricing and Valuation, Future Cash Flow, Forward Rate, Accrued Interest, YTM, Duration, Modified Duration, BPV, Convexity, Cheapest-To-Deliver.