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Unit of Study

Fixed Income Securities
UoS Code FINC3019
Credit points 6
Offered Semester 1 and Semester 2
Prerequisites FINC2012 or FINC2002
Corequisites
Prohibitions
Assumed Knowledge
Additional Information
Lectures 1x 2 hr lecture and 1x 1hr tutorial per week
Assessment mid-semester exam (25%), group assignment (25%), final exam (50%)
Description This unit is designed to provide a thorough grounding in fixed income securities, bond portfolio analysis and the use of 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 provides the building blocks for analysis 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 income are also discussed.