
This intermediate quantitative finance course teaches fixed income modeling using R. It covers constructing bond pricing models, measuring bond yields, and implementing interest rate risk management techniques.
Designed for financial analysts, quantitative researchers, and R programmers interested in fixed income markets and bond portfolio risk management.
After this course on quantitative finance with R, you will be able to use R to develop a model to value a fixed interest rate bond, estimate and analyze a bond's yield (i.e., a measure of the opportunity cost of bond investors), and model techniques used to protect bond portfolios from changes in interest rates. Why value bonds? Bonds are securities issued by governments or corporations that pay interest over a fixed schedule and are the most well-known type of fixed income securities. The US fixed income market is 1.5x larger than the US stock market, but, unlike stocks, most fixed income instruments, including bonds, trade very infrequently. Consequently, a bond's price may be a less reliable indicator of its value and analytical techniques are necessary when analyzing and valuing bonds.
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This course is free to enrol.
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