edX
edXFixed Income
118 studentsINTERMEDIATEEnglish
Korshub's take
Decoding Fixed Income Valuation
Yield-to-maturity is the go-to metric for bond returns—and it's broken in ways most investors don't understand. This intermediate course builds a rigorous foundation using the no-arbitrage principle, the mechanism that makes fixed income securities price consistently.
You'll master duration and convexity beyond the usual textbook description, recover forward rates from market prices, and interpret Bloomberg YAS screens the way professional traders do. Government bonds are your laboratory.
Essential for anyone who needs to price or analyze fixed income seriously.
About this course
Understand the 'no-arbitrage' principle employed in the valuation of fixed income securities. ,Understand the limitations of 'yield-to-maturity' as a measure of the rate of return on default free fixed income securities. ,Develop a 'no-arbitrage' interpretation of forward rates. ,Develop a deep understanding of duration and convexity and be aware of common misunderstandings of these concepts. ,Understand and be able to reproduce the yield and risk measures on Bloomberg YAS screens for government bonds.
Price
$1,767
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