Introduction to the Course

Fixed income products and markets are a key component of both the money as well as the capital markets. Most businesses, both large and small, rely on borrowed funds to finance their operations. Thus, it becomes imperative for them to issue debt or fixed income securities. Governments federal, state, as well as local, are heavily dependent on such securities for obtaining finances, for they obviously cannot issue equity securities. The course deals with the entire gamut of fixed income securities as well as derivatives with such securities as the underlying. 

Course Objectives

The main objectives of this course are the following:

1. To facilitate understanding of the essential structural features of bond and money market products, and the ability to contrast them with the other major asset classes.
2. To introduce the required quantitative skillsets required to design, price, and analyze such securities.
3. To expose the students to global market conventions and perspectives from the standpoint of such products.
4. To provide an understanding of money market derivatives and bond market derivatives, and help students acquire a perspective of how such securities can be priced, and applied from the standpoint of risk management techniques

Prerequisites, if any, mention: excel