FThis course consists of three sections:
1. The first section focuses on the essentials of the fixed-income markets. This section starts with ¿defining elements,¿ which surveys the diversity of fixed-income securities and provides details on the diferent features of all types of bonds. Next, we focus on issuance, trading, and funding in fixed-income markets and describe the markets, venues, and conventions for bond trading.
2. The second section of the course deals with several quantitative issues that are especially relevant in fixed-income markets. In more detail, this section focuses on valuation and interest rate risk in these markets jointly with an introduction to the term structure of interest rates. First, the introduction to fixed-income valuation provides a basic understanding of the methods used to value fixed-income securities and to determine relative values between them. Owning fixed-income securities entails various risks. After this valuation, the course deals with identifying and quantifying interest rate risks with special emphasis on risk measures as duration and convexity. Finally, the term structure of interest rates is presented and discussed
3. The third section of the course will be presented by a practitioner and focuses on a practical perspective of fixed-income products.