Understanding the Bond Market

Course Description This programme is now available only on in-company basis. If you have a group of 3 or more we can deliver it in any location worldwide. Contact us to find out more.  Check here the list of our upcoming open public courses.  This one day programme provides a great introduction to bond and money markets. You will be taken through the fundamental bonds concepts, their structures and uses by government and corporates. The strategies for bond pricing and quantifying risk will help participants understand main market mechanisms. Finally, other money market and inflation linked securities will be explained in detail.  Run by a former City banker, this practical course is designed for everyone who wants to explore fixed income products and the latest market trends.  No prior fixed income knowledge is required but delegates are requested to bring calculators.

What Will You Learn By the end of this course you will:  Have a sound understanding of bonds, their types and structures Explore pricing mechanisms and yield curves Learn to estimate interest rate risks Examine government bills and other money market and inflation linked instruments

Main Topics Covered During This Training

Who Should Attend  Anyone new to fixed income market who wants to understand main instruments and mechanisms.

Understanding the Bond Market - A One Day Programme

Bond fundamentals    

• What is a bond?
• Different structures
• Fixed vs. floating interest
• What is LIBOR?
• Callable/putable structures
• Price/yield relationship
• Government vs. corporate bond vs. emerging markets

Simple mechanics of bond pricing

• Yield curve analysis
• What is yield curve?
• Understanding yield curve shapes
• Effects on financing and investment
• Liquidity – what does it really mean?

Quantifying interest rate risk    

• Mastering duration
• Understanding its limitations
• Basis point value
• Convexity

Money markets

• Government bills
• Commercial paper and medium term notes
• Debt obligations of banks
• Certificate of deposits
• Fed funds
• Bankers’ acceptances
• Repos
  
  

Inflation linked securities

• Describe what is meant by inflation
• Identify why certain customers may wish to issue inflation linked bonds and what motivates investors to buy them
• Differentiate between real and nominal sums of money

Eureka Financial Faculty

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   Upcoming Public Courses

• International Securities Settlement and Custodial Services 
• Investment Performance Measurement 
• Repo Market 

 

In-Company Training

• Understanding the Bond Market
• Bond Market and Bond Futures - Introductory and Advanced
• Cash and Near Cash Products
• Derivatives - Introductory to Advanced - Includes different types of derivatives and applications
• Derivatives in Risk Management and Trading
• Understanding Derivatives - Managing FX & Interest Rate Exposures
• Market Risk Management
• Derivatives - Applications and Settlement Process
• Fixed Income Derivatives
• Interest Rate Derivatives
• Pricing Options 
• Managing FX Operational Risk
• Project Management for Banks and Financial Institutions and more

 

If you have a group of 3 or more people, we can customise any of our 100 financial or soft skills programmes and deliver it in any location worldwide. 

All our trainers have at least 20 years of practical experience from their respective sectors and understand well the day-to-day requirements and challenges your employees are tackling. They have great communication skills and bring al lot of enthusiasm to the classroom. 

E-mail us or call on +44 (0) 207 995 8597 to discuss your requirements and we will be happy to prepare the training programme best suited for your organisation. 

Check our In-Company Training page.