The University of Southampton
Courses

MANG6222 Fixed Income Securities Analysis

Module Overview

This module aims to provide you with a thorough knowledge of the fixed income securities and techniques available for fixed income securities analysis, together with an understanding of investment data and performance measurement. Emphasis will be placed on the use of this knowledge in the current financial market environment.

Aims and Objectives

Module Aims

This module aims to provide you with a thorough knowledge of the fixed income securities and techniques available for fixed income securities analysis, together with an understanding of investment data and performance measurement. Emphasis will be placed on the use of this knowledge in the current financial market environment.

Learning Outcomes

Knowledge and Understanding

Having successfully completed this module, you will be able to demonstrate knowledge and understanding of:

  • the main theories and techniques underlying the valuation of fixed income securities.
  • the main theories and techniques relevant to the operation of fixed income securities markets.
  • the functions of fixed income securities markets.
Subject Specific Intellectual and Research Skills

Having successfully completed this module you will be able to:

  • analyse financial market data and evaluate recent developed method on fixed income securities evaluation.
  • identify and apply the main tools of portfolio performance measurement.
Transferable and Generic Skills

Having successfully completed this module you will be able to:

  • through the semester examinations, group discussions and assignments, you will be able to develop clear logical thinking, compose and communicate ideas effectively, both orally and in writing, and apply teamwork skills in a group work to produce work to deadlines.

Syllabus

- Types of fixed income securities and the main market - Bond prices and yield measurements - Yield curves and term structure theories - Default risk and price sensitivity - Bond portfolio and mutual funds - Mortgage, mortgage backed securities and asset backed securities

Learning and Teaching

Teaching and learning methods

The course will consist of 12 lectures (two 2-hour lectures each week). Teaching and learning methods consist of a combination of lectures a combination of lectures, tutorials, and class discussion. Discussion threads will be set up for each of the syllabus topics, to which you should post any questions that you have concerning the material. The module content will be delivered through a series of lectures. Lecture materials (such as handouts, case studies and tutorial questions) and additional reading lists are posted on Blackboard to allow an additional point of access.

TypeHours
Independent Study126
Teaching24
Total study time150

Resources & Reading list

Pilbeam, K. (2010). Finance and Financial Markets. 

Fabozzi F.J. Bond Markets, Analysis and Strategies. 

Madura, J (2012). Financial Institutions and Markets. 

Stone, C.A. and Zissu, A (2012). The Securitization Markets Handbook: Structures and Dynamics of Mortgage- and Asset-backed Securities. 

Bodie, Kane and Marcus (2010). Investments and Portfolio Management. 

Fabozzi, F.J. and Markowitz (2011). The Theory and Practice of Investment Management. 

Assessment

Summative

MethodPercentage contribution
Examination  (2 hours) 70%
Group Assignment  (3000 words) 30%

Repeat

MethodPercentage contribution
Examination  (2 hours) 100%

Referral

MethodPercentage contribution
Examination  (2 hours) 100%

Repeat Information

Repeat type: Internal & External

Costs

Costs associated with this module

Students are responsible for meeting the cost of essential textbooks, and of producing such essays, assignments, laboratory reports and dissertations as are required to fulfil the academic requirements for each programme of study.

In addition to this, students registered for this module typically also have to pay for:

Textbooks

Recommended texts for this module may be available in limited supply in the University Library and students may wish to purchase the core/recommended text as appropriate.

Please also ensure you read the section on additional costs in the University’s Fees, Charges and Expenses Regulations in the University Calendar available at www.calendar.soton.ac.uk.

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