Anyone working in the fixed-income market.
A knowledge of time value of money.
6 Mar 2019
The principal objectives of this intensive one-day seminar are to:
Give delegates the ability to
apply theory to practice
– to fix knowledge in delegates’ minds and to build solid foundations to support later learning.
Introduce the range of
products, their uses and applications.
Demonstrate how banks
the concepts and products to their business.
Ensure that all concepts are put into immediate practice, using
and intensive interactive case studies, to consolidate the learning process.
Government bonds vs. corporate bonds during the credit crisis.
After attending this program, delegates will:
of the role and functioning of the debt capital markets.
Be familiar with a wide range of
instruments, their valuation, pricing, and hedging.
Understand how these products
and will be able to effectively apply their knowledge immediately.
Bond and Money Market Maths
What is a bond?
Pricing coupon securities
Price and yield
Gross and net redemption yields
Amortisation of discount / premium
Clean and dirty prices
Current yield vs. yield-to-maturity
Re-investment of coupons
Price sensitivity concepts
Duration, volatility, and convexity
Calculating duration and convexity
Duration as weighted cash-flow times
Pictorial representation of duration
Duration and modified duration
Duration as a measure of price sensitivity
DV01, PV01, PVBP of bonds
Fixed income workshop
Issuers and investors
Why use bonds?
The US Treasury Market
T-Bills, T-Notes, and T-Bonds
The secondary market
The treasury yield curve
Bunds, JGBs, Gilts
The European sovereign debt crisis
US Treasuries simulation
Corporate and Other Bond Markets
Bond rating and rating agencies
Covenants and seniority
Eurobonds and MTNs
Floating rate notes (FRNs)
Convertibles and hybrids
Origination, syndication, and distribution
Pricing and placing a corporate bond
NB All practical sessions are highlighted like this:
means a Workshop or Simulation
means a Case study
"Overall excellent – best training course I have ever taken."
– Nikhil M.
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