|
 |
| |
 |
Risk Management
Total risk management is the combination of all the elements of risk management into a consistent strategy...
>> more information |
| |
|
|
|
Training - Equity Market & Investment
Companies
Yield Curve Analysis:
This course provides an overview of the foundations and
application of various types of yield curves. Part of the
course will deal with theoretical issues such as the
determinations of the level and shape of the term structure of
interest rates, as well as the relationship between changes in
the shape of the curve or the spread between the curves. The
focus will be on the mathematics of yield curves, the related
analytic tools and methodologies. For those involved in fixed
income sales or related instruments or supporting trading or
portfolio management of such instruments.
Course Outline
Day 1:
Introduction and overview
Yield curves
* Yield curve fundamentals
* Financial and economic implications
* Analytical applications
Bond pricing, yields and rates of return
* Fixed income pricing conventions
* Yield to maturity
* Interest rates versus rates of return
* Yield to maturity reconsidered
Yield curve determinants
* Level of interest rates
* Term structure of interest rates
Day 2:
Types of yield curves and their analytic applications
* Types of yield curves
* Par bond (Current Coupon) yield curve
* Spot rates and the spot rate curve
* Forward rates
Analysis of risk and returns
* Factors affecting volatility
* Quantifying price sensitivity of changes in interest rates
* Portfolio and trading applications of duration and convexity
* Total return analysis
Yield curve: implications for trading and investing
* Making bets on changes in the shape of the yield curve
* Bond swaps
* Riding the yield curve
Yield curve, real economy and monetary policy
* Relationship between the yield curve and the business cycle
* Yield (Curve) spreads
Course Fees
VAT to be included at the local rate, if applicable. Costs
shown are per delegate inclusive of refreshments, lunches and
seminar materials. Cost of accommodation is not included.
GBP 2000
Certificates of Participation
Certificates of participation are remitted to course
participants upon request. |
|
