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| No. | Modules / Units |
| 1 | Basic Concepts of Fixed Income Securities: |
| (a) Features of Fixed Income Securities. (b) Risk and Return Analysis in Fixed Income Securities. (c) Type of Fixed Income Securities including hybrid instruments. | |
| 2 | Pricing of Fixed Income Securities: |
| (a) Valuation of fixed income securities including embedded option. (b) Duration and Convexity: (i) Duration. (ii) Convexity including modified and Maculay Duration. (c) Price value of basis points (PVBP). (d) Spot Rate. (e) Forward rate. (f) Bootstrapping. | |
| 3 | Tracking Fixed Income Markets: |
| (a) Tracking bond markets. (b) The bond traders arsenal of economic indicators: (i) Inflation. (ii) Monetary policy. (iii) Government deficits. (iv) Currency valuation. (c) The subprime crisis and the role of debt markets in the crisis – Then and now. | |
| 4 | Portfolio Management – Fixed Income: |
| (a) Fixed Income Portfolio Management- Domestic and International. (b) Bond portfolio management strategies: (i) What is a bond portfolio strategy. (ii) Types of bond management strategy. (iii) Active, passive, neutral strategy. |
| No. | Modules / Units |
| 1 | Basic Concepts of Fixed Income Securities: |
| (a) Features of Fixed Income Securities.
(b) Risk and Return Analysis in Fixed Income Securities. (c) Type of Fixed Income Securities including hybrid instruments. |
|
| 2 | Pricing of Fixed Income Securities: |
| (a) Valuation of fixed income securities including embedded option.
(b) Duration and Convexity: (i) Duration. (ii) Convexity including modified and Maculay Duration. (c) Price value of basis points (PVBP). (d) Spot Rate. (e) Forward rate. (f) Bootstrapping. |
|
| 3 | Tracking Fixed Income Markets: |
| (a) Tracking bond markets.
(b) The bond traders arsenal of economic indicators: (i) Inflation. (ii) Monetary policy. (iii) Government deficits. (iv) Currency valuation. (c) The subprime crisis and the role of debt markets in the crisis – Then and now. |
|
| 4 | Portfolio Management – Fixed Income: |
| (a) Fixed Income Portfolio Management- Domestic and International.
(b) Bond portfolio management strategies: (i) What is a bond portfolio strategy. (ii) Types of bond management strategy. (iii) Active, passive, neutral strategy. |
