Fixed Income Analysis

At the end of this learning unit, the student is able to :

At the end of this course, students will be able to:
- Describe and interpret the general features of fixed
income securities and understand the basic operations of
fixed income markets;
- Apply the discount cash-flow technique to price bond
and be able to describe the relationship between bond
price and yield;
- Illustrate the basic term structure of interest rates and to
extract zero-coupon rates from bond yields;
- To measure interest rate risk using the concepts of
duration and convexity
- Understand the features and uses of bond with option
features ;
- Use basic interest rate derivatives like futures and
options to manage interest rate risk.
- Explain the characteristics mortgage-backed securities
and asset-backed securities;