Fixed Income Securities

An introduction to fixed income securities, covering general characteristics as well as specific sectors of the market.
4.1 (34 ratings)
Instead of using a simple lifetime average, Udemy calculates a
course's star rating by considering a number of different factors
such as the number of ratings, the age of ratings, and the
likelihood of fraudulent ratings.
473 students enrolled
Instructed by Paul Siegel Business / Finance
Take This Course
  • Lectures 24
  • Length 4.5 hours
  • Skill Level All Levels
  • Languages English
  • Includes Lifetime access
    30 day money back guarantee!
    Available on iOS and Android
    Certificate of Completion
Wishlisted Wishlist

How taking a course works


Find online courses made by experts from around the world.


Take your courses with you and learn anywhere, anytime.


Learn and practice real-world skills and achieve your goals.

About This Course

Published 3/2014 English

Course Description

This course will introduce you to the market for fixed income securities, provide you with a lot of details on the characteristics of fixed income securities in general, as well as discuss specific characteristics of specific sectors of the fixed income market - insurers, investors, and a wide variety of concepts relating to the analysis and validation of those securities.

This course consists of 24 lectures classified within three sections:

  • Introduction to Fixed Income Securities
  • Bond Contract Features and Investment Characteristics
  • Types of Fixed Income Securities

The following types of fixed income securities are introduced and discussed:

  • Government Securities
  • US Treasury Securities
  • Corporate Fixed Income Securities
  • Convertible Securities
  • Structured Securities
  • Mortgage Backed Securities
  • Asset Backed Securities
  • Credit Card and Auto Loan Asset Backed Securities
  • Collateralized Debt Obligations
  • Agency Securities & Regional/Local Government Debt Securities

What are the requirements?

  • Knowledge of the English language.
  • A financial calculator is recommended for this course.

What am I going to get from this course?

  • You'll be able to understand the structure and function of the primary and secondary fixed income markets
  • You'll be able to explain the similarities and differences between bonds and loans and the valuation issues of each
  • You'll be able to describe the contract features of bonds, including day count conventions, risk, returns and yield calculation
  • You'll be able to appreciate the nature and pricing of fixed income instruments and the yield curves
  • You'll be able to summarize the distinguishing characteristics of structured securities as well as the unique features of specific types, including mortgage backed securities, important types of asset backed securities such as auto loan/lease finance and credit card account receivables securitizations, and CDOs

Who is the target audience?

  • Analysts and associates in commercial, corporate and investment banking.
  • Relationship managers (0-5 years) in commercial, corporate and investment banking.

What you get with this course?

Not for you? No problem.
30 day money back guarantee.

Forever yours.
Lifetime access.

Learn on the go.
Desktop, iOS and Android.

Get rewarded.
Certificate of completion.


Section 1: Introduction to Fixed Income Securities and Markets

Instructor Doug Carroll introduces the course by discussing the elements of fixed income securities and markets.


Instructor Doug Carroll discusses the primary market, and addresses issuing bonds to borrow funds.


Instructor Doug Carroll discusses the similarity of bonds to loans, and bond valuation issues.

Section 2: Bond Contact Features and Investment Characteristics

Instructor Doug Carroll discusses bond contract features.


Instructor Doug Carroll discusses bond coupons, accrued interest and bond pricing conventions.


Instructor Doug Carroll discusses day count conventions and bond retirement.


Instructor Doug Carroll discusses types of risk.


Instructor Doug Carroll discusses sources of return and bond yields.


Instructor Doug Carroll discusses bond yields, yield to maturity and rate of return.


Instructor Doug Carroll discusses yield curves.

Section 3: Types of Fixed Income Securities

Instructor Doug Carroll discusses yield curves and government securities.


Instructor Doug Carroll discusses government bonds and U.S. treasury securities.


Instructor Doug Carroll discusses corporate fixed income securities.


Instructor Doug Carroll discusses credit risk of corporate securities and trust indentures.


Instructor Doug Carroll discusses secured and unsecured bonds.


Instructor Doug Carroll discusses convertible securities.


Instructor Doug Carroll discusses preferred stocks and introduces structured securities.


Instructor Doug Carroll discusses asset securitization and introduces mortgage backed securities.


Instructor Doug Carroll discusses mortgage backed securities.


Instructor Doug Carroll discusses CMOs and introduces asset backed securities.


Instructor Doug Carroll discusses credit card and auto loan asset backed securities.


Instructor Doug Carroll discusses collaterialized debt obligations.


Instructor Doug Carroll discusses CDOs and money market instruments.


Instructor Doug Carroll discusses agency securities, region/local government debt securities, and concludes the course.

Students Who Viewed This Course Also Viewed

  • Loading
  • Loading
  • Loading

Instructor Biography

Paul Siegel, Education you can bank on

We deliver superlative, hands-on and practical corporate and investment banking education that you can use immediately in your job, or that next great job you are looking to start. We focus on making complex subjects readily understandable and usable. If you want to take a great leap forward in your finance career, we are here to make that happen.

Our instructors are practitioners who have worked in the field of finance. They relate the subjects covered to real work situations you will encounter in your banking job. So, the concepts are real, the coverage is at the right level of depth, and the material is easy to absorb.

Ready to start learning?
Take This Course