Corporate Finance Institute – Advanced Fixed Income
Learn advanced technical and mathematical concepts within fixed income capital markets
This Advanced Fixed Income course will explore some more advanced topics within fixed income capital markets. This course will use more technical and mathematical concepts to teach you not only to understand these advanced concepts but also to be able to calculate how we get them.
We will explore what bootstrapping is and how we can use it to construct hypothetical yield curves. Then, we will look at using the forward curve to value derivatives. We will also discuss constructing and fitting yield curves and using the cheap-rich analysis to see if a bond is rich or cheap.
Finally, we will look at the bond futures contract and calculate the implied repo rate to determine which bond is the most cost-efficient in the deliverable basket to deliver physically.
This Advanced Fixed Income course is perfect for anyone who wants to have a deeper analytical understanding when using market-data providers such as Refinitiv Workspace. The individual wants to gain more breadth in fixed income or desires to cover some more advanced topics within fixed income.
This course is designed to equip anyone who desires to begin a career in the capital markets on a fixed income desk or prepare for career advancement from junior to more senior fixed income trading or sales positions.
What You’ll Learn In Advanced Fixed Income?
- Understand different variations of yield curves (e.g., par, spot, and forward yield curves)
- Construct hypothetical yield curves using bootstrapping
- Fit yield curves based on a series of yield observations
- Learn how to tell if a bond is rich or cheap using cheap-rich analysis
- Understand bond futures and how to determine which bond is the most economical to deliver