04.03.2023
It was a very insightful course and I really learned a lot from this course.
Fixed Income Investments
with
Antoniya Baltova
Are you looking to expand your knowledge and skills in the world of fixed income investments? In this comprehensive course, you will learn the basics of fixed income securities, the markets they are traded in, and the most common valuation techniques. Be prepared to take your investment career to the next level!
4 hours 38 lessons
Start course
38 High Quality Lessons
3 Practical Tasks
4 Hours of Content
Certificate of Achievement
Course Overview
This Fixed Income Investments course contains everything you need to know about fixed income securities. You will cultivate an extensive understanding of bonds’ features, markets, and the most important aspects of valuation. First, we introduce you to the basic terms you will use as a fixed income analyst or investor. We discuss the concepts of price and future value, principal and coupon payments, par value, and maturity date. We explain the difference between fixed-rate and floating-rate bonds, the meaning of sinking fund provisions, typical bond structures, and some examples of positive and negative covenants. Then, we discuss fixed income markets, the major types of fixed income securities, and the mechanics of issuing bonds in primary and secondary markets. In the last section of the fixed income course, you can practice what you’ve learned. We show you how to calculate a bond’s price and yield-to-maturity, yield-to-call, and other yield measures in Excel. Lastly, we teach you how to value bonds from scratch and compare and interpret various risk and return indicators. Sign up now and master your investment knowledge and skills!
Topics covered
Excelfinancial analysisInvestment AnalysisValuation
What You'll Learn
In this Fixed Income Investments course, we:
Explain the basic features of fixed income securities—price, discount rate, coupon payment, time to maturity, etc.
Illustrate what bond indenture, covenants, and contingency provisions are
Describe how primary and secondary bond markets work
Guide you through the various types of bonds—government corporate bonds, structured financial instruments, and others
Calculate a bond’s price, yield-to-maturity, accrued interest, and full and flat prices in Excel
Calculate different yield measures for fixed-rate bonds, floating-rate bonds, and money-market instruments
Curriculum
- Introduction Free2 Lessons 6 Min
In the first lectures, we introduce the instructor and the course structure. More importantly, you will familiarize yourself with the basics of fixed income markets and securities.
What does the course cover FreeIntroduction to Fixed Income Terminology Free - Structure of Fixed Income Securities8 Lessons 36 Min
This section of the Fixed Income Investments course is dedicated to the features of fixed income securities. We examine various cash flow structures, discuss principal and coupon payments, and explain why some bonds include sinking fund provisions. Moreover, you will understand the meaning of contingency provisions and whether they benefit the bondholder or the bond issuer.
Basic Features of a Fixed Income Security FreeWhat is a Bond Indenture?Affirmative vs. Negative CovenantsLegal, Regulatory, and Tax ConsiderationsCash Flows Structures - PrincipalCash Flows Structures - CouponsCash Flows Structures - Sinking Fund ProvisionsContingency Provisions - Fixed Income Markets11 Lessons 47 Min
Our main goal here is to provide a thorough classification of the global fixed income markets and the types of fixed income securities issued. We discuss in detail the bonds issued by sovereign governments and supranational organizations, the types of corporate bonds, and the significance of the ratings given by credit rating agencies.
Global Fixed Income Markets - ClassificationInterbank Offered RatesPrimary Bond MarketsSecondary Bond MarketsSovereign BondsOther Types of BondsCorporate Bonds (Part 1)Corporate Bonds (Part 2)Structured Financial InstrumentsShort-term Funding AlternativesRepurchase Agreements - Valuation of Fixed Income Securities17 Lessons 101 Min
In this section of the Fixed Income Investments course, we cover the practical aspects of fixed income valuation. You will learn how to calculate a bond’s price, yield-to-maturity (YTM), and various other yield measures for fixed-rate bonds, floating-rate bonds, and money market instruments using various Excel functions.
Calculating a Bond's PriceCalculating a Bond's Price in ExcelInterrelationships among Bond FeaturesCalculating a Bond's YTM in ExcelSpot RatesCalculating a Bond's Price Using Spot Rates in ExcelFull vs. Flat PriceCalculating Accrued Interest in ExcelMatrix PricingCalculating Annual YieldsYield Measures - Fixed-rate BondsCalculating Yield-to-Call in ExcelYield Measures - Floating-rate BondsYield Measures - Money-market InstrumentsYield CurvesForward Rates vs. Spot RatesYield Spread Measures
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“Fixed income securities are an investment vehicle with untapped potential.”
Antoniya Baltova
Chief Financial Officer at 365
Fixed Income Investments
with Antoniya Baltova