Bond Trading

In this one day training, participants will learn how bonds (Treasury bonds, Corporate bonds and Mortgage bonds) are issued, traded and evaluated. For each of the three categories we will be studying the valuation method, the different type of risks and the particularities of each market.

03-May-2012 -- 03-May-2012New YorkUSD$1575
NY Institute of Finance - Midtown9:00am - 4:30pm Instructional Method:
Group-Live
Instructor(s): [ Florent Cohen; ] Level: Intermediate

CPE CREDITS
7.0
Anyone who must understand the bond trading principles.
No advance preparation required.
Students will be able to:
  • Have an overview of the different bond markets
  • Understand the valuation tools for the different bond markets
  • Understand the process of issuance of bonds
Attendees must have an understanding of financial mathematics
  • Fixed Income Mathematics - Evening
  • Fixed Income Mathematics - Day
  • Yield Curve Analysis
    • Treasury debt
    • Definition
    • Auction
    • When issued securities
    • Primary dealers
    • Role of broker and dealer

    Valuation

    • Current yield / yield to maturity
    • Duration and DV01
    • Role of the yield curve

    Mortgage backed securities

    • Securitization process
    • Prepayment and duration risk
    • Prepayment speeds
    • Option adjusted spread

    CMOs

      Corporate debts

      • Different types of corporate debts
      • Risks
      • Valuation tools

    Clients who register for this course will receive a complimentary 4-month subscription to FT.com. The Financial Times is the world's most respected financial newspaper, providing a broad assessment on finance, business and the industrial sector. The move to the electronic version follows an ongoing review of our environmental responsibilities as a global business and as part of the Pearson group. FT.com also has features that are not available in hard copy, such as: Special Reports, Alphaville, editor blogs, education sections and much more! Subscriptions will start within 6-8 weeks of the start of class and are limited to one subscription per client. (Please note: as of May 1, 2011, the electronic subscription replaces the hard-copy 3-month Financial Times subscription.)

    Lunch is included for all students taking day classes.