Fixed Income: Securities| Instruements| Bonds| Interest Rate

Bond Pricing Techniques | Bond Mathematics | Curve Trading | Yield | Duration | Bond Rate | Convexity | YTM | etc

What you'll learn

Using Duration as a Hedging or Trading Technique (Concept of Duration and convexity)

Understanding Bond Mathematics. Practical Bond Pricing Techniques

Term Structure of Interest Rates

Trading the Yield Curve with Cash Market Securities

Requirements

Passion to Learn and apply fixed income trading concepts

Description

It refers to the Debt Capital Markets in which Fixed Income Securities are traded over the Counter in primary as well as in Secondary Markets. There are various Departments in the Fixed Income Department in any company. Below mentioned are some of the Divisions that needs to be studied : Wholesale Debt Market: It refers to the primary market wherein Bulk Debts of large corporate like NCD, CP, the CD is sold to other Investors for a FeeSecondary Dealings: In this, the Company buys and Sells Fixed Income Securities like Tax-Free Bonds, CP, etc daily as the opportunity arises.Pension Desk: This Desk serves all the Pension funds with their requirements to deploy the money in Fixed Income Bearing Bonds in the market.Provident Fund Desk: This Desk serves the requirements of the Provident Funds for deploying their money in various CP Instruments of A-Rated Companies.Corporate Finance Desk: This Desk serves the Corporate Clients in their Fund Raising Requirements via multiple Debt Instruments like CP, NCD, CD, or Term Loans.Fixed Income is more popular in Investment Banks or Stock Broking Houses where fixed Income Securities are traded over the counter or on the Stock Exchange.Generally, a Fixed Income Specialist / FRM is appointed by Companies to take care of the Funding Activities of the Company.Fixed Income (Bond) valuation and analysis is a strategy or process which is often used by the government or companies to determine the correct market value of the instrument. Through this course we are going to be learning bond pricing techniques, bond mathematics and curve trading.The training will include the following;Understanding Bond MathematicsPractical Bond Pricing TechniquesTerm Structure of Interest RatesUsing Duration as a Hedging or Trading Technique (Concept of Duration and convexity)Trading the Yield Curve with Cash Market SecuritiesYield CurveAn Introduction to Curve TradingMoney market InstrumentsCertificates of Deposit (CDs)Fixed Income course and is designed for those who want to learn about fixed Income. Through this course you will be learning basic features of fixed income, bond indenture, credit enhancements, fixed income cash flows, primary & secondary market for bonds, fixed income classifications, corporate debt, agency debt, calculating bond price, market discount rate, constant yield price trajectory, bond valuation with spot rates, forward rates, matrix pricing, yield to call, spread & its impact, calculation of bond rate, duration with convexity, effects of change in YTM and many more concepts. The training will include the following; Bond Pricing and Valuation, Future Cash Flow, Forward Rate, Accrued Interest, YTM, Duration, Modified Duration, BPV, Convexity, Cheapest-To-Deliver.

Overview

Section 1: Fixed Income Securities

Lecture 1 Introduction To Fixed Income

Lecture 2 Bond Characterstics

Lecture 3 Characterstics And Features Of Bonds

Lecture 4 Type Of Bonds And Other Features

Lecture 5 Risk In Bonds

Lecture 6 Bond Pricing Meaning

Lecture 7 Bond Pricing- Ordinary Annuity

Lecture 8 Bond Pricing- Plain Vanilla Bond

Lecture 9 Bond Pricing Between Payment Periods

Lecture 10 Bond Pricing Continued

Lecture 11 Yield Definition

Lecture 12 Current Yield

Lecture 13 YTM

Lecture 14 Price Relationship

Lecture 15 Ytm And Price Relationship - Important Notes

Lecture 16 Ytm And Price Relationship Features

Lecture 17 Basic Concepts Of Yield Curves

Lecture 18 Yield Curves Important Features

Lecture 19 Yield Curves Summary

Lecture 20 Basic Concepts In Duration

Lecture 21 Important Features In Duration

Lecture 22 Modified Duration

Section 2: Fixed Income Instruements & Bond Valuation

Lecture 23 Introduction to Fixed Income Valuation

Lecture 24 Understanding Bond Price and Bond Yield

Lecture 25 Types of Bond in Market

Lecture 26 Concept of Coupon Paying Bond

Lecture 27 Callable Bond and Putable Bond Options

Lecture 28 Method of Puttable Bond

Lecture 29 Summary on the Bond Functions

Lecture 30 Valuation of the Bonds

Lecture 31 Example on Valuation of the Bonds

Lecture 32 Example on Yield to Put

Lecture 33 Selecting the Bond Type

Lecture 34 Determining the Frequency of the Coupon

Lecture 35 Call Price for Callable Bond

Lecture 36 Issuing Callable and Semi Annual Bond

Lecture 37 Context of Derivatives Valuation

Lecture 38 Constructing a Hypothetical Arbitrage

Lecture 39 Evaluating the Scenarios

Lecture 40 Practical Example on Forward Contracts

Lecture 41 Practical Example on Forward Contracts Continues

Lecture 42 Determining the Market Value

Lecture 43 Example on Forward Contracts

Lecture 44 Practical Illustrations on Forward Stocks

Lecture 45 Value of Derivative Contract

Lecture 46 Forward Contracts in Context of Bond

Lecture 47 How Futures and Contracts operate

Lecture 48 Example on Futures and Contract

Lecture 49 Formulas for Index Futures

Lecture 50 Forward Rate Agreement

Lecture 51 Purpose of entering forward rate agreement

Lecture 52 Annualised and Unannualised Rates

Lecture 53 Fundamental steps for FRA

Section 3: Fixed Income Market

Lecture 54 Introduction to Fixed Income Market

Lecture 55 Principal Repayment Structure

Lecture 56 Coupon Repayment Structure

Lecture 57 Global Fixed Income Market

Lecture 58 Primary and Secondary Bond Market

Lecture 59 Types of Issuer of Fixed Income Market

Lecture 60 Types of Issuer of Fixed Income Market Continues

Lecture 61 Fixed Income Valuation

Lecture 62 Example of Fixed Income Valuation

Lecture 63 Example of Fixed Income Valuation Continues

Lecture 64 Prices and Yields

Lecture 65 Prices and Yields Continue

Lecture 66 Certificate of Deposite

Lecture 67 Floating Rate Note

Lecture 68 Mony Market

Lecture 69 Understanding Fixed Income Risk and Return

Lecture 70 Souces of Rturn

Lecture 71 Interest Rate Risk on Fixed Rate Bonds

Lecture 72 Approximate Modified Duration

Lecture 73 Computation of Fixed Income

Lecture 74 Mony Duration

Lecture 75 Approximate Convexity

Lecture 76 Fundamentals of Credit Analysis

Lecture 77 Fundamentals of Credit Analysis Continue

Lecture 78 More on Fundamentals of Credit Analysis

Lecture 79 Credit Analysis Model

Lecture 80 Credit Analysis Model Continue

Lecture 81 Moe on Credit Analysis Model

Lecture 82 Backed Securities

Lecture 83 Residentioal Mortagage Loans

Lecture 84 Commercial Mortgage

Lecture 85 Collateralized Debt Obligations

Lecture 86 The Arbitration-Free Framework

Lecture 87 Example of The Arbitration-Free Framework

Lecture 88 Pricing Bonds using a Binomial Tree

Lecture 89 Calibrating Binomial Tree

Lecture 90 Bond with Embedded Options

Lecture 91 Example of Embedded Options

Lecture 92 Bond with Interest Rate Volatility

Lecture 93 Valuation of a Floored Floater

Lecture 94 The Term Structure and Interest Rate Dynamics

Lecture 95 The Term Structure and Interest Rate Dynamics Continues

Lecture 96 More on Term Structure and Interest Rate Dynamics

Lecture 97 Framework for Fixed Income Portfolio Management

Lecture 98 Managing Funds Against Bond Markets

Lecture 99 Managing Funds Against Liabilities

Lecture 100 More on Managing Funds Against Liabilities

Lecture 101 Fixed Income Strategies

Lecture 102 Fixed Income Strategies Continues

Lecture 103 International Bond Investment

Lecture 104 Selecting Fixed Income Manager

Lecture 105 Relative-Value Methodologies for Global Portfolio Management

Lecture 106 Relative-Value Methodologies for Global Portfolio Management Continues

Section 4: Fixed Income Instruments

Lecture 107 Introduction to Fixed Income Pricing and Valuation

Lecture 108 Coupon Bond Pricing

Lecture 109 Coupon Bond Pricing Continues

Lecture 110 Corporate Bond Credit Spread

Lecture 111 Spot Yield Curve

Lecture 112 More on Spot Yield

Lecture 113 Difference YTM Spot Yield

Lecture 114 Understand Forward Yield

Lecture 115 Example Data

Lecture 116 Spot Yield Calculation

Lecture 117 Relationship Between YTM Yield

Lecture 118 Spot Yield and FWD Yield

Lecture 119 Concept of Boot Strapping

Lecture 120 Example of Boot Strapping

Lecture 121 Concept of Boot Practical

Lecture 122 Concept of Swap Rate

Lecture 123 Examples of Swap Rate and FRA

Lecture 124 More on FRA

Section 5: Fixed Income Instruments - Understanding Instruments And Yield

Lecture 125 Fixed Income Instruments

Lecture 126 Bond Market and Instruments

Lecture 127 Treasury Yields

Lecture 128 Relation Between Price and Yield

Lecture 129 How to Value Treasury Bonds

Lecture 130 Bond Pricing

Lecture 131 Zero Coupon Treasury Bills

Lecture 132 Understand Spot Rate

Lecture 133 How to Value Zero Coupon Treasury Bills

Lecture 134 Bond Pricing Zero Coupon Bond

Lecture 135 Shape of Yield Curve

Lecture 136 Duration and Convexity

Lecture 137 More Duration and Convexity

Lecture 138 Effective Duration

Lecture 139 Question - Bond Pricing

Lecture 140 Question - Corporate Bond

Lecture 141 Semi Annual Paying Bond

Lecture 142 Duration and Convexity Conclusion

Section 6: Fixed Income

Lecture 143 Fixed Income Defining Elements - Basic Features

Lecture 144 Fixed Income Defining Elements Continuation

Lecture 145 Defining Elements - Bond Indenture

Lecture 146 Defining Elements - Bond Indenture Continuation

Lecture 147 Defining Elements - Credit Enhancements

Lecture 148 Continuation with Tax Consideration

Lecture 149 Fixed Income Cash Flows

Lecture 150 Primary Market For Bonds

Lecture 151 Secondary Market For Bonds

Lecture 152 Fixed Inocme Classifications

Lecture 153 Corporate Debt

Lecture 154 Agency Debt

Lecture 155 More Details on Agency Debt

Lecture 156 Calculating Bond Price

Lecture 157 Calculating Market Discount Rate

Lecture 158 Constant Yield Price Trajectory

Lecture 159 Bond Valuation with Spot Rates

Lecture 160 Forward Rates

Lecture 161 More on Forward Rates

Lecture 162 Matrix Pricing

Lecture 163 Simple Yield

Lecture 164 Yield to Call

Lecture 165 Floating Rates Notes

Lecture 166 Zero Coupon Bond

Lecture 167 Relationships - Convexity

Lecture 168 Components of Credit Analysis

Lecture 169 Fundamentals of Credit Analysis

Lecture 170 Seniority Ranking

Lecture 171 Municipal Bonds

Lecture 172 Return Impact of Spread Changes

Lecture 173 Calculate Bond Return

Lecture 174 Duration with Convexity

Lecture 175 Macaulay Duration

Lecture 176 Effective Duration

Lecture 177 Effect of Change in YTM

Lecture 178 Price Yield of Embedded Options

Lecture 179 Price Value of Basis Point

Lecture 180 Sources of Bond Return

Section 7: Interest Rate - Comprehensive Course on Interest Rates

Lecture 181 Introduction to Interest Rate

Lecture 182 Introduction to Interest Rate Continues

Lecture 183 Future Value in Interest Rate

Lecture 184 Present Value in Interest Rate

Lecture 185 Interest Rate for Future Cashflow

Lecture 186 Term Structure of Interest Rates

Lecture 187 Yield to Maturity

Lecture 188 Interest Rates Example

Lecture 189 Holding Rate of Return

Lecture 190 Annualized Rate of Return

Lecture 191 Present Value with Time-Varying Interest Rates

Lecture 192 Graphical Represtation of Interest Rates

Lecture 193 Daily Treasure Yeild Curve Rate

Lecture 194 Term Structure of Interest Rates an Example

Lecture 195 Term Structure of Interest Rates an Example Continues

Lecture 196 Interest Rates in 2000s

Lecture 197 Calculation of Real Rate of Interest

Lecture 198 Holding Rates of Returns

Lecture 199 Graph of Forward Rates of Return

Lecture 200 Example of Interest Rate

Lecture 201 Example of Interest Rate Continues

Lecture 202 Factors and Calculation Interest Rate

Section 8: Valuation And Characteristics Of Bonds

Lecture 203 Advantages of Bank loan and Stock

Lecture 204 Features of Bonds

Lecture 205 Features of Bonds Continues

Lecture 206 Types of Bonds

Lecture 207 More on Types of Bonds

Lecture 208 Process for Valuing Assets

Lecture 209 Intrest Rate Risk

Lecture 210 Microsoft Bond Timeline

Lecture 211 Microsoft Bond Timeline Example

Lecture 212 Relationship Bond Valuation

Lecture 213 Relationship Bond Valuation Example

Lecture 214 Relationship Bond Valuation Example Continues

Lecture 215 Current Yeild in Bond Valuation

Lecture 216 More on Current Yeild in Bond Valuation

Lecture 217 Yelid Of Maturity Bond

Lecture 218 Yelid Of Maturity Bond Continues

Lecture 219 Adjusted Current Yeild Bond

Lecture 220 Case Study of Bond Values

Lecture 221 Case Study of Bond Values Continues

Lecture 222 Bloomberg Bond Values

Lecture 223 Callable Bond Example

Lecture 224 Spot Rate Curve and Credit Spread Bond

Lecture 225 Duration and Types of Duration

Lecture 226 Example of Calculating Bonds

Lecture 227 Example of Calculating Bonds Continues

Lecture 228 Calculating Effective Bond

Finance Students, Professionals involved in fixed income trading, Anyone interested in learning about Fixed income trading