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所在平台: Udemy |
课程主页: https://www.udemy.com/course/understanding-fixed-income-markets-bonds-yields-pricing/
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课程名称：理解固定收益市场：债券收益率定价 概览： 本课程深入探讨固定收益市场，涵盖债券、货币市场、收益关系和定价策略的基本知识。通过实际案例和理论洞察，学员将理解折现工具、期限结构和收益计算的复杂性。该课程适合金融专业人士、学生及希望在固定收益领域建立专业知识的爱好者。 课程大纲： 第一部分：介绍 - 通过理解固定收益及其市场重要性来开启您的学习之旅。 - 讲座1：固定收益课程概览 - 讲座2：固定收益简介 - 讲座3：什么是固定收益市场 第二部分：债券类型 - 探索各种债券及其收益计算。 - 讲座4：债券类型 - 讲座5：收益和回报类型 第三部分：货币市场与价格关系 - 理解短期债务工具及收益与价格之间的关系。 - 讲座6：货币市场 - 讲座7：存款证明 - 讲座8：收益与价格关系 第四部分：凸性公式 - 学习凸性及其在衡量债券价格敏感性方面的作用。 - 讲座9：凸性公式 - 讲座10：凸性公式继续 第五部分：债券现金流 - 审视债券的现金流及关键指标如DVO1和XIRR。 - 讲座11：债券的凸性与DVO1 - 讲座12：债券的修正久期与PVO1 - 讲座13-15：债券现金流实例 - 讲座16-17：计息日历的影响 第六部分：折现工具定价 - 精通折现工具和应计利息的定价技巧。 - 讲座18：零息票债券 - 讲座19-20：折现工具与收益计算实例 - 讲座21：应计利息与购买价格 - 讲座22-24：折现定价与交易输出实例 第七部分：收益率 - 学习计算收益，包括到期收益率（YTM）和内部收益率（IRR）。 - 讲座25-26：应计利息的详细计算方法 - 讲座27：到期收益率简介 - 讲座28-30：价格、IRR及修正IRR的公式 第八部分：利率期限结构 - 分析利率结构、现货利率和远期利率。 - 讲座32：利率结构与现货利率 - 讲座33-34：零息票利率与到期收益率对比 - 讲座35-36：远期利率及实例 - 讲座37-38：流动性偏好与市场动态理论 总结： 通过完成本课程，您将对固定收益工具、定价机制及利率的关键作用有深入理解，能够在固定收益市场做出明智决策。
Course IntroductionThis course offers a deep dive into fixed income markets, exploring the essentials of bonds, money markets, yield relationships, and pricing strategies. With practical examples and theoretical insights, students will understand the intricacies of discounted instruments, term structures, and rate-of-return calculations. Perfect for finance professionals, students, and enthusiasts looking to build expertise in the fixed income domain.Section-Wise Curriculum OverviewSection 1: IntroductionKickstart your journey by understanding the basics of fixed income and its market significance.Lecture 1: Overview of Fixed Income Course (Preview enabled)Introduction to the structure and goals of the course.Lecture 2: Introduction to Fixed Income (Preview enabled)Basics of fixed income securities and their role in the financial ecosystem.Lecture 3: What is Fixed Income Market (Preview enabled)Insights into the fixed income market, its participants, and its dynamics.Section 2: Types of BondsExplore the diverse world of bonds and their yield calculations.Lecture 4: Types of BondsOverview of various bond types, including government, corporate, and municipal bonds.Lecture 5: Types of Yield and ReturnsDifferent yield measures and how they reflect returns on bonds.Section 3: Money Market and Price RelationshipUnderstand short-term debt instruments and the connection between yields and prices.Lecture 6: Money MarketIntroduction to money market instruments and their importance in liquidity management.Lecture 7: Certificate of DepositsCharacteristics and applications of certificates of deposit.Lecture 8: Yield and Price RelationshipHow yields and bond prices are interrelated and affected by market movements.Section 4: Formula ConvexityLearn about convexity and its role in measuring bond price sensitivity.Lecture 9: Formula ConvexityIntroduction to the concept and formula of convexity.Lecture 10: Formula Convexity ContinuesAdvanced applications and calculations involving convexity.Section 5: Cash Flow of a BondExamine the cash flows of bonds and understand critical measures like DVO1 and XIRR.Lecture 11: Convexity and DVO1 of BondRelationship between convexity and duration value of a basis point.Lecture 12: M Duration and PVO1 of BondExploring modified duration and price value of a basis point.Lecture 13-15: Cash Flow of a Bond and ExamplesCalculation and analysis of bond cash flows with XIRR.Lecture 16-17: Day Count ConventionHow day count conventions impact bond valuation and interest calculations.Section 6: Discounted Instrument PricingMaster pricing techniques for discounted instruments and accrued interest.Lecture 18: Zero Coupon InstrumentUnderstanding zero-coupon bonds and their pricing.Lecture 19-20: Discounted Instrument and Yield ExamplesCalculating discounted yields and returns.Lecture 21: Accrued Interest and Purchase PricePractical examples of accrued interest calculations.Lecture 22-24: Discounted Pricing and Trade Output ExamplesComprehensive exercises to solidify pricing concepts.Section 7: Rate of ReturnsLearn to calculate returns, including yield-to-maturity (YTM) and IRR.Lecture 25-26: Accrued InterestDetailed methods for determining accrued interest on bonds.Lecture 27: Yield to MaturityIntroduction to YTM and its importance in fixed income analysis.Lecture 28-30: Formula of Price, IRR, and MIRRDetailed calculations for price determination, internal rate of return, and modified IRR.Section 8: Term Structure of Interest RatesAnalyze interest rate structures, spot rates, and forward rates.Lecture 32: Structure of Interest Rate and Spot RateUnderstanding how interest rates evolve over time.Lecture 33-34: Zero Coupon Rates VS YTMComparing zero-coupon rates with yield-to-maturity.Lecture 35-36: Forward Rates and ExamplesCalculation and application of forward rates.Lecture 37-38: Liquidity Preference and Market DynamicsTheories explaining term structures and how market dynamics influence interest rates.ConclusionBy completing this course, you'll have a robust understanding of fixed income instruments, pricing mechanisms, and the critical role of interest rates, enabling you to make informed decisions in the fixed income markets.
