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Short courses>Bonds

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Bonds - 2.5 hours

A foundation course that explains all about bond markets.

This includes the main types of bond, who buys and sells, what the risks are and straight forward methods used to evaluate bonds.

It is suitable for those working in or around financial markets who need to know more.

There are simple examples with time for questions and answers.

This course is only available in-house and is suitable for up to 12 people.

This is what is covered:

  • What they are
  • Who issues them
  • Why they are issued
  • Who invests
  • Fixed rate coupon bonds
  • Floating rate notes
  • Zero coupon bonds
  • Clean and dirty prices
  • Measures of value – yield
  • Measures of value – discount margin
  • How prices change with changing interest rates
  • How prices change with changing credit risks
  • Trading – how traders position bond portfolios
  • Evaluating credit risk - Credit ratings
  • Evaluating credit risk – fundamental analysis
  • How a new issue is done and the cost of funding
  • Structured debt – how the risks and returns of bonds are altered

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