Course curriculum

  • 1

    Fixed Income Overview

    • Course Introduction

    • Downloadable Files

    • What is Fixed Income

    • Introduction to Bonds

    • Who Invests in Bonds?

    • Who Issues Bonds

    • Risks of Investing in Bonds

    • Example of a Bond

    • Bond Market

    • The Life Cycle of a Bond

    • Interactive Exercise 1

  • 2

    Coupon and Yield

    • Accrued Interest and Day Count Conventions

    • Day Count - Actual/Actual

    • Day Count - 30/360

    • Day Count - Actual/365

    • Day Count Bloomberg Examples

    • Interactive Exercise 2

    • Yields

    • Nominal, Effective, and Real Yield

    • Interactive Exercise 3

    • Yield Curves

    • Credit Spreads

    • Credit Rating

    • Yield Curve and the Economic Cycle

    • Yield Curve Shapes Demonstration

    • Interactive Exercise 4

  • 3

    Bond Prices and Yields

    • Bond Price

    • Bond Price Excel Demonstration

    • Clean Price and Dirty Price

    • Price Fluctuations and Drift-To-Par

    • Bonds prices and yields

    • Interactive Exercise 5

  • 4

    Bond Risk Measures

    • Duration Definition

    • Duration with Zero-Coupon Bonds

    • Macaulay Duration Definition

    • Macaulay Duration Calculation

    • Macaulay Duration Excel Demonstration

    • Macaulay Duration Summary

    • Interactive Exercise 6

    • Modified Duration

    • Dollar Duration

    • Other Measures of Yield Sensitivity

    • How to Use Yield Sensitivity

    • Interactive Exercise 7

    • Convexity

    • Convexity Excel Demonstration

    • The Effect of Convexity on Bond Price

    • Price Change Excel Demonstration

    • Key Points about Convexity

    • Interactive Exercise 8

    • Bond Summary Exercise

  • 5

    Summary

    • Download the Solution Files

    • Course Summary

  • 6

    Qualified Assessment

    • Qualified Assessment

    • Share Your Feedback

    • Course Completion