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What is Fixed Income Securities?

Types of Fixed Income Securities
Government Bonds (Billds, Notes, Bonds)
Corporate Bonds
Zero Coupon Bonds
High Yield Bonds
Medium Term Notes
Commercial Paper
Structure Note
Asset Backed Securities
Mortgage Backed Securities

Fixed Income vs Equity
What is Equity
What is the difference between Fixed Income and Equity

Structure of Fixed Income Market
Introduction to the Fixed Income Market
Major players
How to buy bonds

Basic Features of Bonds
Maturity
Par Value
Coupon Rate
Currency Denomination

Bond Indenture and Covenants

Legal, Regulatory and Tax Considerations
International bonds
Government bonds
Tax Considerations

Fixed Income Risks
Interest Rate Risk
Reinvestment Risk
Inflation Risk
Credit/Default Risk
Rating Downgrades Risk
Liquidity Risk
Volatility Risk
Exchangerate Risk
Event Risk

Pricing of the Fixed Income Securities
How to determine a fair price
Features of a bond and yield measures
Basic Calculation of a bond price

Introduction to Fixed Income Valuation
Bond pricing with a market discount rate
Relationship between the bond price and bond characteristics
Pricing Bonds
Flat Price and Full Price
Matrix Pricing
Yield measures for fixedrate bonds
Discount Basis yield and Add On Rate
Maturity structure of interest rates
Forward rate and Spot rate
Yield Spreads

Principal Repayment Structures
Bullet Bond
Fully Amortised Bond
Partially Amortised Bond

Coupon Payment Structures

Bonds with Contingency Provisions
Callable Bond
Putable Bond
Convertible Bond

Fixed Income Derivatives
Credit Default Swaps
Interest Swaps
Inflation Swaps
Bond Futures
Interest Rate Futures
Forward Rate Agreements