Course Overview

"Bonds & Fixed Income"  is designed for those participants who require a detailed understanding of fixed income instruments and fixed income portfolio management. The course focuses on both passive and active management bond portfolio strategies, including how to identify market inefficiencies (miss-pricings) using the zero-coupon yield curve and the application of horizon yield analysis to effective market timing trading strategies. The course combines theory with practice, notably analysing the impact of convexity on long-term yields and applying it to barbell and butterfly trading strategies. Performance measurement is critical in understanding how effective a fund manager has been and is discussed in detail on the final day.

Summary of course content 

• Classification of bond instruments
• Yield curve analysis
• Pricing methodologies for bonds
• Bond trading and portfolio applications
• Fixed income market risk analysis

Includes A fixed income portfolio management simulation

Methodology

At each point in the course, learning is consolidated through practical exercises. Delegates are required to bring their own laptop and financial calculator.

Who should attend?