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所在平台: Udemy |
课程主页: https://www.udemy.com/course/from-0-to-1-bond-theory-and-valuation/
课程评论：没有评论
《从0到1：债券理论与估值》课程总结 本课程旨在深入浅出地讲解债券理论与估值。课程将债券这一相对稳健的投资工具及其复杂属性，如各种债券期权，通过“拉近、拉远、连接要点”的方式，力求概念清晰。 **核心内容包括：** * **信用（Credits）：** 详细解释了信用的概念、必要性、借款人和贷款人。 * **债券发行方（The issuers of Bond）：** 探讨了债券发行的原因、信用评级及其重要性。 * **债券属性（Attributes of Bond）：** 深入分析了债券的核心要素，包括票面利率（Coupon Rates）、本金（Principal）、到期日（Maturity）和久期（Duration）。 * **收益率曲线（Yield Curve）：** 阐述了收益率曲线的含义、影响因素，以及折现和收益率的计算。 * **债券风险（Bond Risks）：** 讲解了利率风险（Interest rate risks）、再投资风险（reinvestment risk）和流动性风险（liquidity risk）。 * **债券期权（Bond Options）：** 通过具体例子解释了认沽期权（put options）、认购期权（call options）以及利率底线期权（interest floor options）。 * **久期（Duration）：** 介绍了修正久期（Modified Duration）和麦考利久期（Macauley Duration）。 * **凸度（Convexity）：** 推导了凸度的计算方法，以及它如何消除误差。 课程强调细节对于债券估值的重要性，同时也会适时切换到宏观视角，帮助学习者全面理解债券市场。
Course Description A zoom-in, zoom-out, connect-the-dots tour of Bond Theory and Valuation Let's parse that 'connect the dots': Bonds is an relatively safe investments instrument with steady stream of income. The various attributes of bonds can make it conceptually complex - the various bond options just add on to the complexities. This course makes sure the concepts are made crystal clear.'zoom in': Getting the details is very important in bond valuation - All attributes influence each other in some way or the other. This course gets the details right where they are important.'zoom out': Details are important, but not always. This course knows when to switch to the big picture. What's Covered: Credits: Explained with example what credit is, why is it needed, the borrowers and the lenders.The issuers of Bond: Why are bonds issued, the credit ratings and their importanceAttributes of Bond: Grilling down the Bond Certificate to get to the specifics of bonds: Coupon Rates, Principal, Maturity, Duration.Yield Curve: Explanation of what Yield curve represents, the factors that impact the yield, discounting and Yield computationBond Risks: Interest rate risks, reinvestment risk, liquidity riskBond Options: Examples relating to put and call options, interest floor optionsDuration: Modified Duration, Macauley DurationConvexity: Derivation of Convexity, how it eliminates error margin
