Fixed income assets constitute one of the largest markets globally. They provide fixed income regularly, so investors know what they will get and when they will get it. A fixed income trader will aim to generate profits for their clients or the firm they work for by using trading strategies in the fixed-income market. They monitor the market and financial data to make informed investment decisions, based on the financial objective and risk tolerance of clients. You'll gain an understanding of the intricacies of this market, the different levels and techniques that will help you value those assets. Learn how to use all the tools to provide client driven decisions and profit.
Total contact hours: 33
Private study hours: 117
Total study hours: 150
Main assessment methods
Exam, 2 hours (70%)
Individual essay (1500 words) (30%)
Reassessment method:
100% Exam
Arnold, G. (2015). FT Guide to Bond and Money Markets, London: FT Publishing International.
Fabozzi, F. (2013) Bond Markets, Analysis and Strategies, 8th Edition. London: Prentice Hall
Fabozzi, F. (2007). Fixed Income Analysis, 2007, 2nd Edition. London: CFA Institute
Martellini, L. et al. (2003). Fixed-income Securities: Valuation, Risk Management and Portfolio Strategies, Chichester: Wiley and Sons.
See the library reading list for this module (Canterbury)
The intended subject specific learning outcomes.
On successfully completing the module students will be able to:
- Demonstrate a systematic understanding of the operations in money and bond markets and appraise the more recent developments in these markets.
- Critically assess the similarities and differences among key debt instruments and examine the risks associated with each category of bond investments
- Critically review the underlying theories of interest rate term structure
- Apply the appropriate methods and techniques to value bond instruments.
- Structure and manage a diversified fixed -income portfolio.
The intended generic learning outcomes.
On successfully completing the module students will be able to:
- Critically evaluate arguments and evidence
- Analyse conceptual problems and solve problems relating to quantitative information
- Make competent use of information technology skills
- Exercise independent, self-managed study of research materials
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