Fixed Income Portfolio Management

Learn how to construct and manage fixed income portfolios using the latest tools and techniques.

This course is a component of the Portfolio Management Professional Certificate.

Prerequisite knowledge:

• Intermediate MS Excel skills
• Basic probablility and statistics
• Familiarity with fixed income instruments and concepts (e.g. forward rates, duration, convexity, etc.)

*CURRICULUM *

Day 1

MODULE 1: REVIEW OF FIXED INCOME CONCEPTS

• Fixed income arithmetic
• Fixed income instruments
• Term structures of rates and yields
• How are bonds traded?
• Fixed income risk: Duration and Convexity
• Corporate bonds: Credit risk

MODULE 2: PASSIVE FIXED INCOME PORTFOLIO MANAGEMENT

• Fixed income indexes
• Index funds and replication techniques
• Tracking error minimization
• Cash flow matching Immunization techniques

MODULE 3: ACTIVE FIXED INCOME PORTFOLIO MANAGEMENT

• Rate prediction strategies
• Yield curve strategies
• Interest rate scenario analysis
• Credit strategies
• Tactical allocation strategies
• Relative value stategies

WHAT YOU'LL LEARN

• Understand active and passive fixed income portfolio management strategies
• Understand the dynamic nature of the yield curve and its implications for portfolio management
• Correctly implement a variety of yield curve strategies
• Manage risks in a fixed income portfolio