Participant will be able to understand the terms in Fixed Income mar-kets with a deeper understanding of the instrument, issuances, yield computations, etc.,
Understand bond price -yield relationship, duration and price sensitivity measures
Understand macro economic impact in bond markets, impact of mone-tary policy and interest rate movements in yield curve shape
Target Audience:
Beginners in Fixed income market space
Risk Manager whose role overlaps with fixed income market portfolios
Wealth Managers and sales staff of brokerages who are required to be
trained to interact with clients on fixed income products
Day 1
Session 1
Defining Fixed Income
Time value of money, Interest computation – simple, compounding (discreet/continuous), Discounting factor, Present
value factor, Present value annuity factor
Premium vs discount, front end/rear end yield, day count conventions, Floating vs fixed rate
Session 2
Terminologies in Fixed Income Securities
Understanding Various Fixed income Instruments – T Bills, CPs, etc.,
Types of Bonds – G Sec, SDL, Corporate Bonds, etc.
Primary and Secondary market, Participants, SLR/Non-SLR securities
Day 2
Session 3
Bond Valuation- Bond Price computation
Macaulay and Modified Duration, Convexity
Inflation and Interest rates
Understanding Monetary Policy, Policy rates, Banking System liquidity and Interest rate construction
Session 4
Yield Curve – construction and inferences
Yield curve anticipation – yield curve shape change and its impact
Others: Retail access to access to government securities – benefit and required understanding to take advantage of this
Trainer Profile
Trainer is a financial market expert and has rich experience in foreign exchange function. He has held key roles including Treasury Sales , FX flow business for India Head of Business management and strategy for Treasury sales function, and Head of Treasury sales business for South Asia for commercial segment .
