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所在平台: Coursera |
课程主页: https://www.coursera.org/learn/fixed-income
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课程名称：美国债券投资基础 课程概述：在本课程中，您将学习区分不同类型的以美元计价的公司和市政债务发行，识别在在线交易平台上可购买和出售的公司债券和市政债券，掌握每种固定收益工具背后的市场机制，进行基本分析，并标识关键投资风险。课程结束时，您应能够描述可供购买和出售的不同类型的公司和市政债券产品，作为投资者可能面临的一些相关风险，以及一些缓解这些风险的方法，同时了解如何使用在线交易平台识别可投资证券，进行尽职调查等。 课程大纲： 1. **市政债券入门** 本模块中，您将学习区分不同类型的市政债务，识别可在在线交易平台上购买和出售的市政债券的不同特征；跟踪市政债券在二级市场的交易表现；理解市政债券发行的市场机制；进行基本的、治理的和违约风险分析，并计算债务服务覆盖率。 2. **市政债券分析与税务考虑** 本模块讲解如何把税收应用于不同类型的固定收益发行，包括州内和州外市政债券购买、建设美国债券（BABs）、公司债券和美国国债，分析近期税法变化及其对资本利得和损失的影响。了解如何比较免税和应税债券的收益率，并探讨税收如何应用于不同类型的市政债券。此外，学习如何通过在线交易平台获取详细的市政债券报告，并咨询如MSRB的EMMA等资源，该资源包含关键的市政债券文档和数据，包括官方声明和持续披露。 3. **美国公司债券入门** 了解公司未能履行债务义务对债权人的影响，定义公司债券持有人在公司违约或破产申请后的追索权，以及描述一些违约风险缓解方法。探讨公司债券投资者如何投入大量时间进行基本分析，以指导他们的投资决策，分析信用、市场、流动性、操作和政治等多种风险，考虑违约的潜在可能性。评估利率变化和中央银行货币政策对公司债券价格的影响，以及如何影响市场的供求水平。识别公司债券发行过程中的步骤，并检视一些监管规则。研究在二级市场上交易的公司债券收益率和价格之间的差异，以及基点差价的性质。 该课程旨在为您提供全面的美国债券投资知识，使您能够在动态的债券市场中做出明智的投资决策。
Name:Introduction to Municipal Bonds
Description:In this module, you will learn to: differentiate different types of municipal debt-Identify different features of municipal bonds available to purchase and sell on an online trading platform; track the trading performance of municipal bonds in the secondary market; grasp the market mechanics underlying municipal bond issuance; conduct fundamental, governance, and default risk analyses and calculate debt service coverage ratios.
Name:Municipal Bond Analysis & Tax Considerations
Description:Determine how taxes are applied to different types of fixed income issuance, including in-state and out- of-state municipal bond purchases, Build America Bonds (BABs), corporate bonds and U.S. Treasuries, as well as examine recent tax law changes, and how taxes apply to capital gains and losses. Learn how to compare the yields of tax-exempt and taxable debt issuance, as well as explore how taxes are applied to different types of municipal bonds. Learn how to access detailed municipal bond reports through an online trading platform, as well as consult resources such as the MSRB's EMMA, which houses critical municipal bond documentation and data, including Official Statements and Continuing Disclosures.
Name:Introduction to U.S. Corporate Bonds
Description:Learn what it means for a company to fail to honor its debt obligations and what this portends for its creditors, define the recourse corporate bondholders have in the wake of a company's default or bankruptcy filing, as well as describe certain default risk mitigation methods.Explore how Investors of corporate bonds may commit a tremendous amount of time to fundamental analysis to inform their investment decisions – conducting analyses on credit, market, liquidity, operational, and political risks, among countless others – when considering the potential for default. Examine how interest rate changes and central bank monetary policies can affect corporate bond prices, as well as influence levels of supply and demand in the market. Identify the steps involved in the creation of a corporate bond issuance, as well as examine some of the regulatory rules that govern this process. Examine the differences between yields and prices of corporate bonds trading in the secondary market, as well as explore the nature of basis point spreads.
In this fixed income course, you will learn to distinguish between different types of U.S. dollar-denominated corporate and municipal debt issuance, identify corporate and municipal bonds available to purchase and sell on an online trading platform, grasp the market mechanics underlying each type of fixed income instrument, as well as conduct basic analyses, and flag critical investment risks. At the end of the course, you should be able to describe different types of corporate and municipal bond products available to buy and sell, some of the related risks you, as an investor, are likely to face, certain ways of mitigating them, as well as how to use an online trading platform to identify available securities to invest in, conduct due diligence, and much more
