Fixed Income Securities (FINC3019)

UNIT OF STUDY

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.

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Further unit of study information

Classes

1x 2 hr lecture and 1x 1hr tutorial per week

Assessment

Tutorial participation (10%), mid-semester exam (20%), group project (20%), and final exam (50%)

Faculty/department permission required?

No

Unit of study rules

Prerequisites and assumed knowledge

(FINC2012 or FINC2002) or (FINC2013 or FINC2003) or (FINC2014 or FINC2004)

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Cross-institutional study

If you are from another Australian tertiary institution you may be permitted to underake cross-institutional study in one or more units of study at the University of Sydney.

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