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Learn to analyze and value fixed income instruments for informed investment decisions.
This training program aims to provide participants with a comprehensive and professional understanding of fixed income markets, focusing on the analysis and valuation of fixed income instruments. The program explains the structure of bond markets and their role in government and corporate financing, while introducing the key types and characteristics of fixed income securities. It covers bond pricing mechanisms, yield to maturity calculations, clean versus dirty pricing, and yield curve analysis and interpretation. Strong emphasis is placed on measuring bond price sensitivity to interest rate movements using modified duration, DV01, and convexity. The program also addresses credit fundamentals and credit rating methodologies, highlighting the role of rating agencies in assessing creditworthiness. Participants will explore primary bond markets, issuance processes, pricing strategies, and book building activities, as well as post launch market behavior. In addition, the program examines securitization structures, asset backed securities, and green bonds, including ICMA principles and sustainable finance concepts. Delivered through case studies, discussions, and practical exercises, the program enhances participants’ ability to make informed fixed income investment decisions.
Capital Market
Trading and Investment
Not Exist
Lecture
Pre Assessment
Post Assessment
Financial Analysts
This provides you with the opportunity to select the available times that suit you best for participation in our program. These times represent slots during which we are ready to welcome you and provide assistance and guidance.
In Class Training-Online Training
of fixed income instruments in corporate funding (BMW model and bond markets)
Definition and types of fixed income instruments
Review of bond structures, credit enhancement, and call features
Bond types, structures, market conventions, and key terminology
Sovereign debt and issuance benchmarks
Difference between clean and dirty pricing, accrued interest calculation, premium and discount pricing
Bond pricing, how to calculate price and yield, concept of yield to maturity (YTM) and its limitations
Yield components and how investors determine their yield requirements
Bond price sensitivity to yield changes (Modified Duration, DV01, and convexity)
Estimating bond price sensitivity to yield changes and key influencing factors
Use of DV01 in hedging and portfolio management
Concept of convexity, its importance, calculation, and applications in financial markets
In Class Training-Online Training
What is securitisation ?
The asset pool
Agency issuance
Pass-through and pay-through structures
The ‘waterfall’
Defining green bonds – ICMA principles
The four core components of green bonds
In Class Training-Online Training
Examine the role today of the rating agencies
Why does the rating matter?
Corporate rating methodology
Credit ratings vs. market implied spreads
What is rated?
In Class Training-Online Training
Understanding investors and their differing requirements
Creating issuer yield or credit curves in differing currencies
Bond issuance documentation MTN’s, GMTN’s and EMTN’s
Role of the syndicate desk and the pricing process
In Class Training-Online Training
Marketing stage - FMSB core principle
Price discovery
Road show where to start and the tricks of the trade
Book building
Execution stage - FMSB core principles
Allocation and placement strategy
Post launch stage
Breaking syndicate and secondary markets
Post launch - FMSB core principle
Monitoring and control stage and FMSB core principle
the structure and regulation of fixed income markets and their role in financing and investment.
Apply fundamental bond pricing principles and analyze the factors influencing their value
Assess the impact of interest rate changes on fixed income instruments
Identify securitization mechanisms and sustainable financing structures and their market impact
Gain confidence in making effective investment decisions when dealing with clients and financial institutions.
