School of Bonds and Fixed Income

This course aims to give you a complete practical grasp of the fixed income capital markets, so that as international finance evolves and is reshaped by the changing nature of banking, additional regulatory pressures and the continued shifts brought about by the rebalancing of global economic forces, you will be in a strong position to seize the inevitable opportunities which arise.

Your course programme at a glance:

DAY ONE
• Overview of Capital Markets
• Bond and Fixed Income Mechanics
• Market Conventions and Conversions
• Practical Bond Pricing Techniques

DAY TWO
• Pricing Floating Rate Notes – Understanding Bond Sensitivities

DAY THREE
• Using Duration as a Hedging or Trading Technique
• Bond Portfolio Management
• Getting to Grips with Repos and Reverses
• Introduction to Interest Rate Derivatives

DAY FOUR
• Strips as a Benchmark for Pricing Nonstandard Bonds
• Term Structure of Interest Rate
• Asset-Backed Securities – Liability Swaps and the Bond Markets

DAY FIVE
• Asset Swaps and Bond Markets
• Swap Pricing – Swap Valuation
• Credit Curves and Benchmarking

Alan McDougall and Petros Geroulanos

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