Mastering Fixed Income Securities: Bond Investing Insights

It refers to the Debt Capital Markets in which Fixed Income Securities are traded over the Counter in primary as well as in Secondary Markets. There are various Departments in the Fixed Income Department in any company. Below mentioned are some of the Divisions that needs to be studied :

• Wholesale Debt Market: It refers to the primary market wherein Bulk Debts of large corporate like NCD, CP, the CD is sold to other Investors for a Fee

• Secondary Dealings: In this, the Company buys and Sells Fixed Income Securities like Tax-Free Bonds, CP, etc daily as the opportunity arises.
• Pension Desk: This Desk serves all the Pension funds with their requirements to deploy the money in Fixed Income Bearing Bonds in the market.
• Provident Fund Desk: This Desk serves the requirements of the Provident Funds for deploying their money in various CP Instruments of A-Rated Companies.
• Corporate Finance Desk: This Desk serves the Corporate Clients in their Fund Raising Requirements via multiple Debt Instruments like CP, NCD, CD, or Term Loans.

• Fixed Income is more popular in Investment Banks or Stock Broking Houses where fixed Income Securities are traded over the counter or on the Stock Exchange.
• Generally, a Fixed Income Specialist / FRM is appointed by Companies to take care of the Funding Activities of the Company.

Fixed Income (Bond) valuation and analysis is a strategy or process which is often used by the government or companies to determine the correct market value of the instrument. Through this course we are going to be learning bond pricing techniques, bond mathematics and curve trading.

The training will include the following;

• Understanding Bond Mathematics
• Practical Bond Pricing Techniques
• Term Structure of Interest Rates
• Using Duration as a Hedging or Trading Technique (Concept of Duration and convexity)
• Trading the Yield Curve with Cash Market Securities
• Yield Curve
• An Introduction to Curve Trading
• Money market Instruments
• Certificates of Deposit (CDs)

Fixed Income course and is designed for those who want to learn about fixed Income. Through this course you will be learning basic features of fixed income, bond indenture, credit enhancements, fixed income cash flows, primary & secondary market for bonds, fixed income classifications, corporate debt, agency debt, calculating bond price, market discount rate, constant yield price trajectory, bond valuation with spot rates, forward rates, matrix pricing, yield to call, spread & its impact, calculation of bond rate, duration with convexity, effects of change in YTM and many more concepts. The training will include the following; Bond Pricing and Valuation, Future Cash Flow, Forward Rate, Accrued Interest, YTM, Duration, Modified Duration, BPV, Convexity, Cheapest-To-Deliver.