Management of Fixed Income Securities

ABOUT THE COURSE:This course provides an overview of valuation and management of various fixed income securities such as bonds, interest rate derivatives, interest rate swaps and credit default swaps. This course introduces the basic feature of various fixed income securities and markets. It presents the various methods used for valuation of bonds, theories related to interest rate determination, measure the alternative risk associated with fixed income securities. Various bond portfolio investments strategies are discussed. Further, various techniques used for valuation of bond with embedded options and estimation of binomial trees are also covered. A thorough discussion on different derivative instruments such as interest rate derivatives, interest rate swaps and credit default swaps are also analyzed.INTENDED AUDIENCE:MBA Finance, Economics and CommercePREREQUISITES:Financial Institutions and MarketsINDUSTRY SUPPORT:Financial Consulting Companies, Investment Firms, Brokerage Houses

Week 1: Introduction to Bonds and Bonds Market Week 2:Valuation of Bonds Week 3:Term Structure of Interest Rates Week 4:Bond Risk Week 5:Bond Investment Strategies Week 6:Valuation of Bonds with Embedded Options Week 7:Estimating the Binomial Tree Week 8:Introduction to Bond Derivatives Week 9:Management of Fixed Income position with interest rate derivatives Week 10:Interest rate Swaps Week 11:Swap Derivatives Week 12:Currency and Credit Default Swaps