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Debt Markets: Term Structure and Interest Rate Theories

Offered By: Yale University via YouTube

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Financial Markets Courses Interest Rates Courses Bond Pricing Courses

Course Description

Overview

Explore the intricacies of debt markets and term structure in this comprehensive lecture from Yale University's Financial Markets course. Delve into the vast importance of public and private debt markets, surpassing the stock market in value. Learn about U.S. Treasury debt auctions, corporate debt issuance, and the market forces determining interest rates. Understand bond pricing, real and nominal rates, and coupons. Examine the term structure of interest rates and its significance in indicating future value. Discover forward rates and their calculation using current bond prices. Investigate indexed bonds and their role in revealing real interest rates. The lecture covers key topics including discount and investment rates, bid-ask spreads, bond definitions and pricing formulas, derivation of term structure, Lord John Hicks's forward rates, and the relationship between inflation and interest rates. Gain valuable insights into this crucial aspect of financial markets over the course of 1 hour and 11 minutes.

Syllabus

- Chapter 1. Introduction
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- Chapter 2. The Discount and Investment Rates
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- Chapter 3. The Bid-Ask Spread and Murdoch's Wall Street Journal
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- Chapter 4. Defining Bonds and the Pricing Formula
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- Chapter 5. Derivation of the Term Structure of Interest Rates
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- Chapter 6. Lord John Hicks's Forward Rates: Derivation and Calculations
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- Chapter 7. Inflation and Interest Rates
.


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YaleCourses

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