Fixed Income Securities

Catalog description

Focuses on the concepts and tools that are useful to managers and investors who want to use fixed income securities, such as bonds, whether for investing, hedging, market-making or speculating. While the cash flows of fixed income securities are contractually specified, which makes the payoffs relatively easy to quantify, the subtleties of interest rate movements and credit risk make the valuation of bonds particularly challenging. Emphasis is placed on linking the theoretical and practical aspects of fixed income investing.