View Techniques for Analyzing the Bond Market.DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c24688) has announced the addition of Bond Analysis - Self paced e-learning course to their offering. Course Description --Duration --Modified Duration --Dollar Duration --Horizon Analysis --Immunisation --Estimating Zero Coupon Rates Coupon rate In bonds, notes, or other fixed income securities, the stated percentage rate of interest, usually paid twice a year. --Bootstrapping --Cubic Spline In computer graphics, a smooth curve that runs through a series of given points. The term is often used to refer to any curve, because long before computers, a spline was a flat, pliable strip of wood or metal that was bent into a desired shape for drawing curves on paper. See Bezier and B-spline. --Nelson Siegel --Forward Rates Course Objective First, you get a detailed description of the most relevant key figures used on the bond market. You learn about Macauley duration, dollar duration, modified duration Modified Duration A formula that expresses the measurable change in the value of a security in response to a change in interest rates. Calculated as the following: , convexity Convexity A measure of the curvature in the relationship between bond prices and bond yields. Notes: Positive convexity corresponds to curvature that opens upward. Negative convexity corresponds to curvature that opens downward. and you will get a chance to analyse an·a·lyse v. Chiefly British Variant of analyze. analyse or US -lyze Verb [-lysing, -lysed] or -lyzing, these risk key figures. The risk key figures have very strict underlying assumption. Through horizon analysis you will get to experiment with what happens when some of these assumptions are not fulfilled. You will also see how investors try to eliminate the risk of their bond investment by using immunisation strategies. Performance analysis will be introduced as a means to see which return you actually got after a specified period of time. Finally, you will be guided through finding the basic building blocks for bond pricing called zero coupon rates and try out one such process called bootstrapping Bootstrapping A procedure used to calculate the zero coupon yield curve from market figures. Notes: Since the T-bills offered by the government are not available for every time period, the bootstrapping method is used to fill in the missing figures in order to derive the . You will also be familiar with other estimation techniques such as Cubic Spline and Nelson Siegel. You will also see that zero coupon rates can be used to explore what the bond market believes future yields will be when forward rates are analysed. Throughout the course you can test your knowledge through interactive exams Course Prerequisites: A basic knowledge of the bond market, corresponding to the e-learning course "Introduction to Bonds", is required. Course Level: Intermediate The course is relevant for: Employees in the financial sector who have a basic knowledge about the bond market but need to get equipped with techniques for analysing the bond market. Language: English Format: Distance Learning Course sign-up: 2 months' access to the "Bond analysis" e-learning course. On reciept of your payment we will send you an e-mail with your personal username The name you use to identify yourself when logging into a computer system or online service. Both a username (user ID) and a password are required. In an Internet e-mail address, the username is the left part before the @ sign. For example, KARENB is the username in karenb@mycompany. and password. For more information visit http://www.researchandmarkets.com/reports/c24688 |
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