e-learning and reference solutions for the global finance professional

Fixed Income Markets
The single-best resource for understanding and participating
in Fixed Income Markets


Library of 19 Courses

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The themes of this product are:

  • Structure of fixed income markets and how they function
  • Practical demonstration of bond pricing mechanism
  • Key features of fixed income derivatives including examples and calculations
  • Various analytical techniques for measuring fixed income risks
  • Trading and hedging in bond markets

For information about our other e-learning solutions see Course Catalog

This product deals comprehensively with Global Bond Markets- government and corporate, domestic and Euro, straight and option-embedded. Together with courses from Money Markets / Derivatives course libraries, delegates have opportunities to analyze products, pricing, trading and hedging strategies in Fixed Income Markets.

After completing this course, you will be conversant with:

  • Types and Features of Fixed-Income Securities
  • Bond Mathematics
  • Characteristics of Various Global Bonds
  • Collateralized Mortgage Obligations
  • Fixed Income Derivatives
  • Various Trading Strategies

Target Audience
Every professional involved in the global financial services industry (as a provider, user, regulator or advisor of product/services, marketplace/exchange) would benefit from KESDEE’s innovative solutions.

  • Supervisory Agencies

  • Central Banks

  • Financial Institutions

  • Commercial Banks

  • Investment Banks

  • Housing Societies/Thrifts

  • Mutual Funds

  • Brokerage Houses

  • Stock Exchanges

  • Derivatives Exchanges

  • Insurance Companies

  • Multinational Corporations

  • Accountancy Firms

  • Consultancy Firms

  • Law Firms

  • Rating Agencies

  • Multi-lateral Financial Institutions

  • Others

  • Course Level and Number of Courses
    Intermediate Level. Library of 17 Courses

    Instructional Method
    Dynamic, Interactive e-learning

    Recommended Background
    Familiarity with basic financial concepts

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      Library of 19 Courses
    Fixed Income Markets
    Time taken to complete each Course: Two - Three hours

    1. Fixed Income Markets - Overview

    • Characteristics of fixed income markets
    • Various instruments and their classification

    2. Bond Pricing and Yield Measures

    • Types of bonds and their pricing
    • Various yield measures

    3. Treasury Securities

    • Market terminology
    • Pricing Treasury notes and bonds

    4. Corporate Bonds

    • Corporate bonds market terminology
    • Pricing
    • Role of Credit ratings

    5. Global Bonds-I

    • Australian, Candian, French, German, and Irish governments bonds and their markets
    • Characteristics and market practices in the above markets
    • Risks involved in the markets

    6. Global Bonds-II

    • Italian, Spanish, Swiss, U.K and Japanese governments bonds and their markets
    • Characteristics and market practices in the above markets
    • Risks involved in the markets

    7. Treasury Inflation Protected Securities (TIPS)

    • How do treasury inflation protected securities work
    • Risks of investing in TIPS
    • Managing TIPS portfolio
    • Implication of TIPS on income tax

    8. Duration

    • Basics of duration and modified duration
    • Computation of duration for various types of instruments

    9. Convexity

    • Basics of convexity
    • Calculation of convexity for portfolios
    • Positive and negative convexities and their role

    10. Basis Point Value

    • The relationship between BPV, duration and convexity
    • Calculating methodologies of BPV for on and off balance sheet items

    11. High Yield Bonds

    • Definition of high yield bonds
    • Risks involved in them

    12. Brady Bonds

    • Brady bond markets terminology
    • Pricing of Brady bonds.
    • Risks associated with Brady bonds and their hedging

    13. Option Embedded Bonds

    • Callable and puttable bonds
    • Valuation
    • Convertible bonds and their valuation

    14. Collateralised Mortgage Obligations

    • Various types of CMOs and their structures
    • Risks inherent in CMOs
    • Legal and regulatory aspects of CMOs

    15. Interest Rate Swaps

    • Importance of interest rate risk
    • Pricing and valuation of interest rate swaps
    • Variants in interest rate swaps
    • Swaptions

    16. Caps, Floors, Collars and Captions

    • Interest rate Caps
    • Floors
    • Collars
    • Captions

    17. Forward Rate Agreements

    • Trading mechanics of FRAs
    • Trading and arbitrage strategies using FRAs

    18. Bond Trading Strategies

    • Bond trading mechanics
    • Bond stripping
    • Relative value trade

    19. Municipal Bonds

    • The meaning and concept of municipal bonds
    • The features of municipal bonds
    • The types of municipal bonds
    • The differences between municipal bonds and corporate bonds
    • The municipal bond markets
    • The commercial credit rating of municipal bonds
    • he types of risks involved with respect to municipal bonds
    • The concept of municipal bond insurance


    • Measurement Tools

    Calculators in Fixed Income Markets

    1. Calculation of FRA settlement
    2. Duration
    3. Duration of Portfolio
    4. Options strategies
    5. Options on LIBOR
    6. Options on Futures
    7. Future and Forward
    8. Dirty Price/ Clean Price
    9. Option Free Bond
    10. Yield to Maturity
    11. Yield to Call
    12. Time value of money
    13. BPV of a Coupon Paying Bond
    14. Convexity
    15. BPV of a Bond
    16. BPV of a Portfolio
    17. BPV of a Forward Rate Agreement
    18. Zero Coupon Rate
    19. Pass Through Structure
    20. Pay Through Structure
    21. Conversion of prepayment rates

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    visit us at www.kesdee.com