course bundle

FIXED INCOME MARKETS

Fixed Income Markets
Courses Info

Synopsis

The fixed income market is a major segment of the financial market. In this course, we discuss money market instruments and the three factors that matter for any fixed income instrument. Bonds are essentially IOUs (I owe you) with maturity longer than a year. This course also covers the characteristics of bonds and their price quotes, the computation of the yield–to– maturity for a bond as well as the relationship between the yield and expected return when the bond is held to maturity.


Objectives
  • Learn the distinction between primary and secondary markets.
  • Learn about the money market and the common instruments in it.
  • How to compute the discount yield on a treasury bill.
  • How to compute the yield–to– maturity of a bond.
  • Know what a credit rating implies for a bond.
  • Know the key features to look out for when trading or investing in a bond.
  • Learn about the price quoting convention for USD and SGD bonds.
  • How to compute the accrued interest on a bond given its day–count convention.
  • Know the definition of current yield.
  • How to compute the duration, and price–value per basis point of a bond.
Courses syllabus
title estimate time
Fixed Income Markets
Fixed Income Market and Money Markets 30:00
Introduction to Bonds 30:00
Yield to Maturity 20:00
Types of Bonds and Its Risks 35:00