Bond Markets - An Introduction

While stock markets are more familiar to the general public, far more capital is raised by issuing debt rather than equity. Bond markets are a critical source of finance for governments, banks, corporations, and other borrowers. In the provision of such finance, these markets offer investors a practically unlimited array of risk and reward profiles.

 

This course will introduce you to the fundamentals of bonds as a fixed income instrument, covering the key features and terminology associated with these securities in addition to outlining the role of the major players in the market.

  • OBJECTIVES

    On completion of this course, you will be able to:

    Describe the key features associated with bonds

    List the main issuers and investors in the global bond markets and outline their respective motivations for issuing/investing

  • COURSE OUTLINE

    Topic 1: Overview of Bonds

    A Perspective on The Bond Market

    What is a Bond?

    Key Features

    o Principal

    o Maturity

    o Coupon

    o Price

    Clean & Dirty Prices

    o Yield

    Relationship Between Price & Yield

    o Spread

    o Security & Seniority

    o Documentation & Covenants

    o Credit Rating

    Topic 2: Bond Issuers & Investors

    Issuers

    o Governments/Sovereigns

    o Other Public Entities

    o Corporates

    o Supranationals

    o SPVs & Securization

    Sector Breakdown

    Domestic & International Bond Issues

    Investors

    o Institutional vs. Retail

    o Investor Motivations

    o Risks

    • Market Risk

    • Credit Risk

    • Inflation Risk

    • Liquidity Risk

    • Reinvestment Risk

  • PREREQUISITE KNOWLEDGE

    Financial Markets – An Introduction - View Now

  • ESTIMATED COMPLETED TIME

    75 Minutes

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