1.1 Basic Features of a Fixed-Income Securities

1.2 Types of Fixed Income Securities

1.3 Legal, Regulatory and Tax Considerations on the Issuance and Trading of Fixed Income Securities

1.4 Structure of Bond’s Cash Flows and Bonds with Contingency Provisions

1.5 Risks Associated with Fixed Income Securities

2.1 Introduction

2.2 Classification of Global Fixed Income Markets

2.3 The Issuance, Trading and Funding of the Fixed-Income Securities

3.1 Introduction

3.2 Determination of Price of the Bond Given a Market Discount Rate

3.3 Relationships among a bond’s price, coupon rate, maturity, and market discount rate (yield-to-maturity)

3.4 Bond Price Quotation

3.5 Matrix Pricing of a Bond

3.6 Yield Measures for Fixed-Rate Bonds, Floating-Rate Notes, and Money Market Instruments

3.7 Term Structure of Interest Rate

3.8 Spot Curve, Yield Curve on Coupon Bonds, Par Curve, and Forward Curve

3.9 The Maturity Structure of Interest Rates

3.10 Bond Refinancing/Refunding

4.1 Introduction

4.2 Return from Investing in a Fixed-Income Bond

4.3 Bond Duration Measures

4.4 Effective duration as a Measure of Interest rate risk for bonds with embedded options

4.5 Key rate durations as a Measure of sensitivity of bonds to changes in the shape of the benchmark yield curve

4.6 Effect of a bond’s maturity, coupon, embedded options, and yield level on its interest rate risk

4.7 Bond Convexity

4.8 Interest rate risk and the investment horizon

4.9 Effect of changes in credit spread and liquidity on yield-to-maturity of a bond and how duration and convexity can be used to estimate the price effect of the changes

5.1 Introduction

5.2 Credit Risk

5.3 Financial Ratios Used in Corporate Debt Analysis

5.4 Credit Risk and Return: Yields and Spreads

7.1 Introduction

7.2 Overview of Arbitrage Valuation of a Fixed-Income Instrument

7.3 Computation of the arbitrage-free value of an option-free, fixed-rate coupon bond

7.4 Binomial Interest Rate Tree Framework

7.5 Zero-Coupon Yield Curve, Arbitrage-Free Valuation and Pathwise Valuation

7.6 Monte Carlo Forward-Rate Simulation and Its Application

8.1 Introduction

8.2 Overview of Fixed-Income Securities with Embedded Options

8.3 Valuation and analysis of callable and putable bonds

8.4 Effect of Interest Rate Volatility on the Value of a Callable or a Putable Bond

8.5 Effect of Changes in the Level and Shape of the Yield Curve on the Value of a Callable or a Putable Bond

8.6 Valuation and Analysis of Callable and Putable Bonds with Interest Rate Volatility

8.7 Bond’s Effective Duration in Practice

8.8 Effective Convexities of Callable, Putable, and Straight Bonds

8.9 Determination of the Value of a Capped or Floored Floating-Rate Bond

8.10 Valuation and Analysis of Convertible Bonds

9.1 Introduction

9.2 Traditional Credit Models

9.3 Strengths and Weaknesses of Credit Ranking

9.4 Structural models of corporate credit risk

9.5 Reduced form models of corporate credit risk

9.6 Assumptions, strengths, and weaknesses of both structural and reduced form models of corporate credit risk

9.7 Term structure of credit spreads

9.8 Credit analysis required for asset-backed securities

9.9 Analysis of corporate debt