Overview

This course will introduce you to the market for fixed income securities, provide you with a lot of details on the characteristics of fixed income securities in general, as well as discuss specific characteristics of specific sectors of the fixed income market - insurers, investors, and a wide variety of concepts relating to the analysis and validation of those securities.

This course consists of 24 lectures classified within three sections:

  • Introduction to Fixed Income Securities
  • Bond Contract Features and Investment Characteristics
  • Types of Fixed Income Securities

The following types of fixed income securities are introduced and discussed:

  • Government Securities
  • US Treasury Securities
  • Corporate Fixed Income Securities
  • Convertible Securities
  • Structured Securities
  • Mortgage Backed Securities
  • Asset Backed Securities
  • Credit Card and Auto Loan Asset Backed Securities
  • Collateralized Debt Obligations
  • Agency Securities & Regional/Local Government Debt Securities

Learning Outcomes

What you'll Learn

  • You'll be able to understand the structure and function of the primary and secondary fixed income markets
  • You'll be able to explain the similarities and differences between bonds and loans and the valuation issues of each
  • You'll be able to describe the contract features of bonds, including day count conventions, risk, returns and yield calculation
  • You'll be able to appreciate the nature and pricing of fixed income instruments and the yield curves
  • You'll be able to summarize the distinguishing characteristics of structured securities as well as the unique features of specific types, including mortgage backed securities, important types of asset backed securities such as auto loan/lease finance and credit card account receivables securitizations, and CDOs

Course curriculum

  • 1

    Slack Channel - Discussion Forum

    • Slack Channel
  • 2

    Introduction to Fixed Income Securities and Markets

    • Introduction to Fixed Income Securities and Markets FREE PREVIEW
    • Introduction to Fixed Income Securities and Markets (Slides)
    • The Primary Market: Issuing Bonds to Borrow Funds
    • The Primary Market: Issuing Bonds to Borrow Funds (Slides)
    • Similarity of Bonds to Loans & Bond Valuation Issues
    • Similarity of Bonds to Loans & Bond Valuation Issues (Slides)
  • 3

    Bond Contact Features and Investment Characteristics

    • Bond Contact Features
    • Bond Contact Features (Slides)
    • Bond Coupons, Accrued Interest and Bond Pricing Conventions
    • Bond Coupons, Accrued Interest and Bond Pricing Conventions (Slides)
    • Day Count Conventions & Bond Retirement
    • Day Count Conventions & Bond Retirement (Slides)
    • Types of Risk
    • Types of Risk (Slides)
    • Sources of Return and Bond Yields
    • Sources of Return and Bond Yields (Slides)
    • Bond Yields, Yield to Maturity and Rate of Return
    • Bond Yields, Yield to Maturity and Rate of Return (Slides)
    • Yield Curves
    • Yield Curves (Slides)
  • 4

    Types of Fixed Income Securities

    • Yield Curves & Government Securities FREE PREVIEW
    • Yield Curves & Government Securities (Slides)
    • Government Bonds & US Treasury Securities
    • Government Bonds & US Treasury Securities (Slides)
    • Corporate Fixed Income Securities
    • Corporate Fixed Income Securities (Slides)
    • Credit Risk of Corporate Securities & Trust Indentures
    • Credit Risk of Corporate Securities & Trust Indentures (Slides)
    • Secured and Unsecured Bonds
    • Secured and Unsecured Bonds (Slides)
    • Convertible Securities
    • Convertible Securities (Slides)
    • Preferred Stocks & Introduction to Structured Securities
    • Preferred Stocks & Introduction to Structured Securities (Slides)
    • Asset Securitization & Introduction to Mortgage Backed Securities
    • Asset Securitization & Introduction to Mortgage Backed Securities (Slides)
    • Mortgage Backed Securities
    • Mortgage Backed Securities (Slides)
    • CMOs & Introduction to Asset Backed Securities
    • CMOs & Introduction to Asset Backed Securities (Slides)
    • Credit Card and Auto Loan Asset Backed Securities
    • Credit Card and Auto Loan Asset Backed Securities (Slides)
    • Collateralized Debt Obligations
    • Collateralized Debt Obligations (Slides)
    • CDOs and Money Market Instruments
    • CDOs and Money Market Instruments (Slides)
    • Agency Securities & Regional/Local Government Debt Securities
    • Agency Securities & Regional/Local Government Debt Securities (Slides)