Course Overview
The “FIXIA” module will provide participants with a thorough understanding of fixed income and expose them to bond pricing, bond mathematics, risk measurement and fixed income portfolio management.
Course Objectives
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participants will have an in-depth understanding of best practice bond portfolio management techniques and how they can be used to deliver sustainable returns and manage risk
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they will understand the parameters underlying the creation of an effective portfolio management strategy as well as the day-to-day management of risk and return enhancement opportunities
Duration – 4 Days
Curriculum
Overview of Fixed Income General Overview of Fixed Income Instruments
Introduction and Overview of Bonds Definition, History of the Bond Market & the Size and Complexity of the Bond Market
The Bond Issue Parties to a Bond Issue, Rationale for Issuance & Attraction to Investors
Bond Mathematics Bond Pricing, Concept of Yield, Price/Yield Relationship, Clean Price v. Dirty Price & Pricing Option
Risk in Fixed Income Fixed Income Risk Concepts, Risk Measurement in Fixed Income (Duration & Convexity) & Risk
Bond Derivatives Bond Securities with Embedded-Options (Callable, Puttable, Convertible & Exchangeable Bonds)
