Overview

Advanced Fixed Income Course Overview

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.

yield curve

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.

Bootstrapping


Fitted curve

Cheap rich analysis

Who Should Take This Course?

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.

Advanced Fixed Income Learning Objectives

  • 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

Prerequisite Courses

Recommended courses to complete before taking this course.

Advanced Fixed Income
4.8

Level 5

1h 19min

100% online and self-paced

Field of Study: Finance

NASBA CPE Credits: 2

Start Learning

This Course is Part of the Following Programs

Why stop here? Expand your skills and show your expertise with the professional certifications, specializations, and CPE credits you’re already on your way to earning.

Capital Markets & Securities Analyst (CMSA®) Certification

  • Skills Learned Trading strategies used in the finance and capital markets
  • Career Prep Work in capital markets, whether on the buy-side or the sell-side

What Our Members Say

i really like the lectures and course materials
i am happy with this experience

Sewale Ayalew

Quite Insightful
Please always provide the transcript

Oluwaseun Ayoola Williams

ADVANCED FIXED INCOME
EDUCATION IS THE KEY TO SUCCESS

Zanele Stokwe

Strongly satisfactory
I have enjoyed the courses elaboration and its practical exercises given as an example. They are very interactives hence get massive skills from it.

Atinafu Asefa

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