Fixed Income Securities

Catalog description

This graduate-level course on Fixed Income Securities provides a thorough examination of debt instruments and their significance in financial markets. The course explores the fundamental characteristics of fixed-income securities, including the structure of debt, embedded options, and the complex relationships between bond prices, spot rates, forward rates, and yields. It also addresses key theories related to the term structure of interest rates and their practical implications for investment decision-making. In addition to covering theoretical foundations, the course includes practical applications such as asset securitization and the development of both active and passive bond portfolio strategies. Prerequisite: FINC 530