Fixed Income Securities
An introduction to fixed income securities, covering general characteristics as well as specific sectors of the market.
- You'll be able to understand the structure and function of the primary and secondary fixed income markets
- You'll be able to explain the similarities and differences between bonds and loans and the valuation issues of each
- You'll be able to describe the contract features of bonds, including day count conventions, risk, returns and yield calculation
- You'll be able to appreciate the nature and pricing of fixed income instruments and the yield curves
- You'll be able to summarize the distinguishing characteristics of structured securities as well as the unique features of specific types, including mortgage backed securities, important types of asset backed securities such as auto loan/lease finance and credit card account receivables securitizations, and CDOs
- Knowledge of the English language.
- A financial calculator is recommended for this course.
This course will introduce you to the market for fixed income securities, provide you with a lot of details on the characteristics of fixed income securities in general, as well as discuss specific characteristics of specific sectors of the fixed income market - insurers, investors, and a wide variety of concepts relating to the analysis and validation of those securities.
This course consists of 24 lectures classified within three sections:
- Introduction to Fixed Income Securities
- Bond Contract Features and Investment Characteristics
- Types of Fixed Income Securities
The following types of fixed income securities are introduced and discussed:
- Government Securities
- US Treasury Securities
- Corporate Fixed Income Securities
- Convertible Securities
- Structured Securities
- Mortgage Backed Securities
- Asset Backed Securities
- Credit Card and Auto Loan Asset Backed Securities
- Collateralized Debt Obligations
- Agency Securities & Regional/Local Government Debt Securities
- Analysts and associates in commercial, corporate and investment banking.
- Relationship managers (0-5 years) in commercial, corporate and investment banking.