Fixed Income Markets and Management

Faculty
Commerce & Business Administration
Department
Finance
Course Code
FINC 4420
Credits
3.00
Semester Length
15 Weeks X 4 Hours per Week = 60 Hours
Max Class Size
35
Method Of Instruction
Lecture
Typically Offered
To be determined

Overview

Course Description
Fixed Income Markets and Management analyze various fixed income instruments and derivatives of those investments. The course will emphasize traditional bond and term structure concepts crucial to understanding the functioning of these markets. The risk profiles of the instruments will be examined and used in formulating fixed income investment portfolios appropriate for different objectives and strategies. Performance measurement techniques will show how to evaluate the success of any strategy.
Course Content
  1. The pricing of bonds
  2. Measuring bond yields
  3. Bond price volatility
  4. Measurement of Duration
  5. Bond risk factors and the term structure of interest rates
  6. Treasury securities
  7. Corporate debt instruments
  8. Mortgage loans and securities
  9. Securitization and Asset Backed Securities
  10. Bond portfolio management
  11. Performance management of bond portfolios
  12. Interest rate derivatives
  13. Hedging strategies with bond portfolios
Methods Of Instruction

Lecture and discussion.

Means of Assessment
Assignments   0% - 20%
Term Tests   0% - 20%
Midterm Exam          20% - 40%
Final Exam 20% - 40%
Total          100%
Learning Outcomes

Upon completion of the course the student will be able to: 

  1. Explain how bond prices are determined in the market;
  2. Analyze the determinants of bond price volatility;
  3. Identify factors affecting bond yields and the term structure of interest rates;
  4. Analyze the various fixed income instruments other than bonds;
  5. Identify and evaluate the interest rate derivative securities;
  6. Formulate bond portfolio management strategies;
  7. Measure bond portfolio performance.
Textbook Materials

Textbooks and Materials to be Purchased by Students

 

Fabozzi, Frank. Bond Markets, Analysis, and Strategies. Latest Edition. Pearson Prentice Hall

Requisites

Prerequisites

Econ 2408 and Finc 3390

Corequisites

No corequisite courses.

Equivalencies

No equivalent courses.

Requisite for

This course is not required for any other course.

Course Guidelines

Course Guidelines for previous years are viewable by selecting the version desired. If you took this course and do not see a listing for the starting semester / year of the course, consider the previous version as the applicable version.

Course Transfers

Institution Transfer Details Effective Dates
Kwantlen Polytechnic University (KPU) No credit 2008/01/01 to -
Simon Fraser University (SFU) SFU BUS 1XX (3) 2008/01/01 to -
Thompson Rivers University (TRU) TRU BBUS 2XX (3) 2008/01/01 to 2010/08/31
Thompson Rivers University (TRU) TRU BBUS 2XXX (3) 2010/09/01 to -
Trinity Western University (TWU) TWU BUSI 3XX (3) 2008/01/01 to -
University of British Columbia - Vancouver (UBCV) UBCV COMM 3rd (3), Not for credit in Commerce. 2008/01/01 to -
University of Victoria (UVIC) No credit 2008/01/01 to -

Course Offerings

Fall 2020

There aren't any scheduled upcoming offerings for this course.