Fundamentals of Basis Trading Strategies Analysed.DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c32927) has announced the addition of E-Learning Course: Fixed Income Analysis to their offering. This course describes the concept of basis as used in the futures market futures market, a commodity exchange where contracts for the future delivery of grain, livestock, and precious metals are bought and sold. Speculation in futures serves to protect both the developers and the users of the commodities from unfavorable and unpredictable . Key concepts such as cheapest-to-deliver bonds, implied repo rates Implied repo rate The rate that a seller of a futures contract can earn by buying an issue and then delivering it at the settlement date. Related: Cheapest to deliver issue. and conversion factors are discussed in detail. The fundamentals of basis trading basis trading An arbitrage operation in which an investor takes a long position in one type of security and a short position in a similar security in an attempt to profit from a change in the basis between the two securities. strategies are also described. Futures versions of this course will include tutorials on bond futures, zero-coupon bonds Zero-Coupon Bond A debt security that doesn't pay interest (a coupon) but is traded at a deep discount, rendering profit at maturity when the bond is redeemed for its full face value. Also known as an accrual bond. and bond pricing and hedging. Objectives In this course, you will explore: --The concept of basis as used in the bond futures market --The use of basis trades as part of a portfolio management strategy Prerequisite pre·req·ui·site adj. Required or necessary as a prior condition: Competence is prerequisite to promotion. n. Knowledge A solid understanding of futures is assumed. Learner Profile This course is designed for: --senior managers --dealers and traders --treasury staff --operations and support staff --finance and accounting staff --risk staff --IT staff --compliance and regulatory staff Language English The following tutorials are included in this E-Learning course: 1. Bond Futures 2. Bond Futures Basis 3. Basis Trading 4. Zero-Coupon Bonds For more information visit http://www.researchandmarkets.com/reports/c32927 |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion