Fixed Income Securities

Catalog description

This course focuses on valuation and application of various fixed-income securities for corporations and investors. Students will learn concepts, tools, and various uses of fixed income securities available in financial markets such as investing, hedging, and market making. Additional topics to be covered are term structure modeling, option-embedded bond analysis, pooling and trenching of cash flows, asset-liability management, hedging with interest rate derivatives, mortgage-backed securities (MBS), and collateralized debt obligations (CDOs).