2013 Unit of Study
The session(s) below are for 2013. For Summer School 2013 unit of study availability please visit the Summer School website (main Summer session January/February 2013).
The University of Sydney session calendar shows exact dates for sessions.
|Fixed Income Securities|
|Offered||Semester 1 and Semester 2|
|Prerequisites||(FINC2012 or FINC2002) or (FINC2013 or FINC2003) or (FINC2014 or FINC2004)|
|Lectures||1x 2 hr lecture and 1x 1hr tutorial per week|
|Assessment||Tutorial participation (10%); mid-semester exam (20%); group project (20%); final exam (50%)|
|Description||This unit is designed to provide a thorough grounding of the concepts and issues in fixed income securities, bond portfolio analysis and closely related financial instruments in risk management. The unit begins with the basic analytical framework necessary to understand the pricing of bonds and their investment characteristics (introducing fundamental concepts such as duration, yield and term structure). This will serve as the building block of more complicated corporate and derivative securities. Sectors of the debt market, including treasury securities, corporate bonds, mortgage-backed securities, and convertible bonds are analysed. The use of derivatives and a selection of special topics in Fixed Incomes are also discussed.|