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Unit of study_
FINC3019: Fixed Income Securities
2024 unit information
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.
Unit details and rules
Managing faculty or University school:
Business (Business School)
| Study level | Undergraduate |
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| Academic unit | Finance |
| Credit points | 6 |
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Prerequisites:
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FINC2012 |
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Corequisites:
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None |
| Prohibitions:
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None |
| Assumed knowledge:
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None |
At the completion of this unit, you should be able to:
- LO1. Describe the structure and operation of fixed income markets and the features of instruments traded in these markets.
- LO2. Calculate bond prices and yields and identify the risks associated with investing in bonds.
- LO3. Analyse the factors likely to affect the shape of the yield curve and impute forward rates from the yield curve.
- LO4. Formulate fixed income portfolio management strategies.
- LO5. Evaluate the investment performance of a fixed income portfolio manager.
Unit availability
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