OUR ACADEMIC DEPARTEMENTS

Lesson details

FIXED INCOME I : MARKETS AND INSTRUMENTS
2018-2019	EnIESEG School of Management ( IÉSEG )
Class code :	1819-IÉSEG-M1S2-FIN-MA-EI69UE	FINANCE

Level	Year	Period	Language of instruction
Master	1	S2	EnEnglish

Academic responsibility	L.MENG
Lecturer(s)	Lei MENG, Charlotte ZWEIBAUM !!! Two course codes : Lille (FINMA-PI69UE) - Paris (FINMA-PE69UE) !!!

IÉSEG > IESEG Degree - Programme Grande École > Semester 2 > 2,00 ECTS

Prerequisites

Basic knowledge of financial management and financial markets

Learning outcomes

At the end of the course, the student should be able to:
- Be familiarised with bond markets and instruments
- Understand the underlying principles of bond valuation
- Be aware of the role of credit ratings in bond market
- Be aware of the risks associated with bond investment and the applications of derivative instruments for risk mitigation

Course description

Part 1: Overview
1. Fixed income instruments
2. Bond features
2. Initiation and market mechanism

Part 2: Bond valuation fundamentals
1. Present value and bond yield
2. Duration
3. Yield curve
4. Coupon strapping

Part 3: Credit ratings
1. The use of ratings and the role of rating agencies
2. Credit analysis
3. Rating behaviour

Part 4: Applications of derivatives in bond investment
1. Interest rate derivatives
2. Credit derivatives

Part 5: Current issues in bond market

Class type

Class structure

Type of course	Numbers of hours	Comments
Face to face
Coaching	1,00
Interactive class	3,00
lecture	12,00
Independent work
E-Learning	3,00
Reference manual 's readings	3,00
Research	3,00
Independent study
Estimated personal workload	12,00
Total student workload	37,00