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Fixed Income (FNCE90015)
Graduate courseworkPoints: 6.25On Campus (Parkville)
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About this subject
- Overview
- Eligibility and requirements
- Assessment
- Dates and times
- Further information
- Timetable(opens in new window)
Contact information
Overview
Availability | August |
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Fees | Look up fees |
This subject covers capital markets and money markets for fixed income securities. Topics include: fixed income analysis; capital and money market instruments; forwards and futures of interest rate securities; interest rate volatility; the term structure of interest rates; interest rate risk; inflation; swaps; callable bonds; convertible bonds; securitised products; and risk management techniques.
Intended learning outcomes
On successful completion of this subject students should be able to:
- Describe the structure, purpose and operation of fixed income markets and the nature of instruments traded in these markets;
- Describe the motivation and trading behaviour of market participants in fixed income markets;
- Value instruments traded in money markets and bond markets;
- Explain factors affecting fixed income security prices;
- Explain the information content of the term structure of interest rates and calculate the zero-coupon and par yield curves;
- Explain the impact of inflation, liquidity and segmentation on the term structure of interest rates;
- Calculate and implement interest rate risk measures;
- Evaluate interest rate risk management techniques;
- Devise trading strategies in fixed income markets.
Generic skills
On successful completion of this subject, students should have improved the following generic skills:
- Oral communication
- Written communication
- Collaborative learning
- Problem solving
- Team work
- Statistical reasoning
- Application of theory to practice
- Interpretation and analysis
- Critical thinking
- Synthesis of data and other information
- Evaluation of data and other information
- Using computer software
- Accessing data and other information from a range of sources
Last updated: 3 November 2022