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A Masterclass in Bonds & Fixed Income

Five days of intensive training

7 - 11 October 2019

Central London

You'll explore the roles of origination, syndication, trading and sales as well as the interplay between the buy side and the sell side, and the relationship between the bond and the swap markets and the drivers of the structured products market. You’ll learn how to trade the yield curve and how to hedge portfolios
with swaps and futures.

You'll return to work able to:

• price fixed rate bonds at a glance - without using a calculator
• price fixed rate bonds on your phone and in Excel
• understand the relationship between fixed rate bonds and floating rate notes
• determine whether bonds are cheap or expensive
• use asset swaps as a pricing tool for credit risk

You’ll get a complete picture of the mechanics of the fixed income markets and will feel confident participating in technical market discussions with your colleagues and your clients.

Download the Masterclass in Bonds course brochure

This is a very practical tour of the bonds and fixed income markets. Some of the featured deals will be less than 24 hours old when you see them, emphasising how the markets work today. Case studies include: Benchmarking corporate bonds to an interpolated curve, Philip Morris International Inc 2.875% May 2029, Using duration to calculate hedge ratios, The uses of repos and reverses, Understanding CoCos

Five exercises including: Trading the yield curve; Duration weighted hedging

Course programme:
DAY ONE
. Overview of the capital markets
. Bond and fixed income mechanics
. Market conventions and conversions
. Practical bond pricing technique
DAY TWO
. Pricing floating rate notes
. Understanding bond sensitivities
DAY THREE
. Using duration as a hedging or trading technique
. Bond portfolio management
. Getting to grips with repos and reverses
. Introduction to interest rate derivatives
DAY FOUR
. Strips as a benchmark for pricing non-standard bonds
. Term structure of interest rate
. Asset-backed securities – liability swaps and the bond markets
DAY FIVE
. Asset swaps and bond markets
. Swap pricing – swap valuation
. Credit curves and benchmarking

Dates: 7-11 October 2019 & 16-20 March 2020

Course fee: £4999.00 + VAT @ 20% = £5998.80

learning partner bonds
quantminds americas iff 800 x 400

IFF is the learning partner of QuantMinds.

Don't miss QuantMinds Americas
Boston, Sept 9-11

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"Good overview of the courses/markets and their users. The parts that I enjoyed most from the course were practical applications, stories from inside the business and historical content of bond pricing. The course compared far better than other courses I have previously attended"

Bastian Strucken, 

Analyst, Risk Management, NIBC

cpd certified
bac accreditation mark

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