Fixed Income

This one-day interactive course introduces the participant to the expansive world of Fixed Income. The course evaluates the features of a government bond and uses it as a foundation to describe the dizzying array of other bonds ranging from plain vanilla corporates to asset backed securities. A variety of applications will be analyzed including various issuers to asset managers to arbitrageurs. Particular focus will be on mutual funds and how they create alpha. Risks, including credit and market, are identified and discussed. Risk measurements such as duration and convexity are described and how they are used to help manage and control market risk will be discussed.

Course Objectives

By the end of the course, participants will be able to:

• Explain the features and characteristics of fixed income securities
• Describe how the fixed income markets operate
• Price a bond
• Identify the risks and risk measurements associated with these instruments
• Identify fixed income market participants
• Analyze applications of fixed income instruments
• Evaluate economic variables that influence the value of the securities

Suggested Prerequisites: None

Program Level:Foundational

Advance Preparation: None

Computers and Financial Calculators: Calculators

Recommended CPE Credits: 7