Course curriculum

  • 1

    Introduction

    • Course introduction

    • Downloadable files

  • 2

    Fixed Income Products and Markets

    • Session objectives

    • Warm up question

    • Bonds

    • Issuers of bonds

    • Who invests in bonds?

    • Bond certificates

    • Reading a bond certificate

    • Interactive exercise 1

    • US Treasury 10 year

    • US Treasury yield graph

    • Ford DES demonstration

    • Ford DES demonstration 2

    • Interactive exercise 2

    • Yield curves

    • US Treasury yield curve from Bloomberg

    • Credit spreads

    • Credit ratings

    • The economic cycle

    • Yield curve shapes demonstration

    • Interactive exercise 3

    • The bond is right exercise

    • Session conclusion

  • 3

    Pricing Fixed Income Securities and Duration

    • Session objectives

    • Accrued interest

    • Time value of money

    • Compound interest

    • Discounting

    • Interactive exercise 4

    • Calculating cash flow

    • Pricing a bond

    • Annual bond demonstration

    • Pricing a bond continued

    • Bonds prices and yields

    • Interactive exercise 5

    • Manufacturing your prices exercise

    • Duration definition

    • Zero coupon bonds

    • Bond sensitivity

    • Macaulay duration

    • Coupon bonds

    • Interactive exercise 6

    • Duration calculation

    • Drivers of duration

    • Modified duration and Macaulay duration

    • Duration exercise

    • Session conclusion

    • Summary

  • 4

    Qualified Assessment

    • Qualified assessment

    • Fixed Income Fundamentals course evaluation