Fixed Income Securities Analysis

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 functions of fixed income securities markets.
• the main theories and techniques relevant to the operation of fixed income securities markets;

Subject Specific Intellectual and Research Skills

Having successfully completed this module you will be able to:

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

Transferable and Generic Skills

Having successfully completed this module 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, through the semester examinations, group discussions and assignments.

• 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

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.

Resources & Reading list

Textbooks

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

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

Madura, J (2012). Financial Institutions and Markets. South-Western Cengage Learning.

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

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

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

Summative

This is how we’ll formally assess what you have learned in this module.

Referral

This is how we’ll assess you if you don’t meet the criteria to pass this module.

Repeat

An internal repeat is where you take all of your modules again, including any you passed. An external repeat is where you only re-take the modules you failed.

Repeat Information

Repeat type: Internal & External