Overview
Course Description
Included in the Course
This course includes structured lessons, practical activities, learner notes, discussion support, progress tracking, and certificate readiness for institution-approved learning paths.
What You Will Learn
- Understand fixed-income instruments.
- Apply valuation concepts.
- Assess risk and return.
- Prepare for CIFA fixed income examination questions.
Who this is for
CIFA candidates, finance students, investment analysts, and fixed-income market practitioners.
How to Study and Pass this Course
- Allocate a consistent weekly study period and complete lessons in order.
- Use the notes panel to capture questions, examples, and action points.
- Attempt all activities and revisit lessons before final assessment.
Course Features
Activities
Accounting & Finance
Course content
Section 1: Chapter 1 - Overview of Fixed Income Securities 5 lectures | 60 min
01
1.1 Basic Features of a Fixed-Income Securities
Preview
02
1.2 Types of Fixed Income Securities
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03
1.3 Legal, Regulatory and Tax Considerations on the Issuance and Trading of Fixed Income Securities
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04
1.4 Structure of Bond’s Cash Flows and Bonds with Contingency Provisions
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05
1.5 Risks Associated with Fixed Income Securities
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Section 2: Chapter 2 - Fixed-Income Markets: Issuance, Trading and Funding 3 lectures | 36 min
Section 3: Chapter 3 - Fundamentals of Fixed Income Valuation 10 lectures | 120 min
09
3.1 Introduction
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10
3.2 Determination of Price of the Bond Given a Market Discount Rate
Open
11
3.3 Relationships among a bond’s price, coupon rate, maturity, and market discount rate (yield-to-maturity):
Open
12
3.4 Bond Price Quotation
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13
3.5 Matrix Pricing of a Bond
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14
3.6 Yield Measures for Fixed-Rate Bonds, Floating-Rate Notes, and Money Market Instruments
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15
3.7 Term Structure of Interest Rate:
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16
3.8 Spot Curve, Yield Curve on Coupon Bonds, Par Curve, and Forward Curve.
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17
3.9 The Maturity Structure of Interest Rates
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18
3.10 Bond Refinancing/Refunding
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Section 4: Chapter 4 - Fixed-Income Risk and Return 9 lectures | 108 min
19
4.1 Introduction
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20
4.2 Return from Investing in a Fixed-Income Bond
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21
4.3 Bond Duration Measures
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22
4.4 Effective duration as a Measure of Interest rate risk for bonds with embedded options
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23
4.5 Key rate durations as a Measure of sensitivity of bonds to changes in the shape of the benchmark yield curve
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24
4.6 Effect of a bond’s maturity, coupon, embedded options, and yield level on its interest rate risk
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25
4.7 Bond Convexity
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26
4.8 Interest rate risk and the investment horizon
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27
4.9 Effect of changes in credit spread and liquidity on yield-to-maturity of a bond and how
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Section 5: Chapter 5 - Credit Risk Management 4 lectures | 48 min
Section 6: Chapter 6 - The Term Structure and Interest Rate Dynamics 7 lectures | 84 min
32
6.1 Introduction
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33
6.2 Relationships among Spot Rates, Forward Rates, Yield to Maturity, Expected and Realized Returns on Bonds, and the Shape of the Yield Curve.
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34
6.3 Forward pricing and forward rate models: Determination of forward and spot prices and rates using those models
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35
6.4 Yield Curve Movement and The Forward Curve
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36
6.5 The swap rate curve:
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37
6.6 Review of Traditional Theories of the Term Structure of Interest Rates and their
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38
6.7 Modern Term Structure Models
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Section 7: Chapter 7 - The Arbitrage-Free Valuation Framework 6 lectures | 72 min
39
7.1 Introduction
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40
7.2 Overview of Arbitrage Valuation of a Fixed-Income Instrument
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41
7.3 Computation of the arbitrage-free value of an option-free, fixed-rate coupon bond
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42
7.4 Binomial Interest Rate Tree Framework
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43
7.5 Zero-Coupon Yield Curve,Arbitrage-Free Valuation and Pathwise Valuation
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44
7.6 Monte Carlo Forward-Rate Simulation and Its Application
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Section 8: Chapter 8 - Valuation and Analysis of Bonds with Embedded Options 10 lectures | 120 min
45
8.1 Introduction
Preview
46
8.2 Overview of Fixed-Income Securities with Embedded Options
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47
8.3 Valuation and analysis of callable and putable bonds
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48
8.4 Effect of interest rate volatility on the value of a callable or putable bond.
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49
8.5 Effect of Changes in the Level and Shape of the Yield Curve on the Value of a Callable or Putable Bond.
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50
8.6 Valuation and Analysis of Callable and Putable Bonds with Interest Rate Volatility
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51
8.7 Bond’s Effective Duration in Practice
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52
8.8 Effective convexities of callable, putable, and straight bonds
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53
8.9 Determination of the value of a capped or floored floating-rate bond
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54
8.10 Valuation and analysis of convertible bonds
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Section 9: Chapter 9 - Credit Analysis Models 9 lectures | 108 min
55
9.1 Introduction
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56
9.2 Traditional Credit Models
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57
9.3 Strengths and Weaknesses of Credit Ranking Relative strengths:
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58
9.4 Structural models of corporate credit risk
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59
9.5 Reduced form models of corporate credit risk
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60
9.6 Assumptions, strengths, and weaknesses of both structural and reduced form models of corporate credit risk
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61
9.7 Term structure of credit spreads
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62
9.8 Credit analysis required for asset-backed securities
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63
9.9 Analysis of corporate debt
Open
Instructor
harlem
Course facilitator and learning support contact for this programme.
- Courses
- 11
- Learners
- 1,449
- Rating
- 4.8
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