Offer ends in:
What you'll get
- 3+ Hours
- 1 Courses
- Course Completion Certificates
- One year access
- Self-paced Courses
- Technical Support
- Mobile App Access
- Case Studies
Synopsis
- Course: You get instant access to this 1 Bond Trading Course, Projects
- Hours: 3+ Video Hours
- Core Coverage: Curve Trading, Managing interest rate risk & Bond portfolio management
- Course Validity: One year access
- Eligibility: No eligibility as such.
- Pre-Requisites: Basic knowledge about Bonds would be preferable
- What do you get? Certificate of Excellence for the 1courses, Projects
- Certification Type: Course Completion Certificates
- Verifiable Certificates? Yes, these are verifiable certificates. This means that you will be provided with a unique URL/Link which you can include in your resume/Linkedin profile for online verification.
- Type of Training: Video Course – Self Paced Learning
Content
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MODULE 1: Mastering Bond Trading
Courses No. of Hours Certificates Details Bond Trading and Portfolio Management 3h 33m ✔
Description
In simple terms, Bond Trading refers to the buying and Selling of Fixed Income products in the Secondary market.
- Bond Valuation refers to the process which is used to determine the fair market value of the bond by government and corporate companies.
- Unlike the secondary market of stocks which are listed on the stock exchanges, bonds are generally traded over the counter ( OTC trades ) rather than a formal exchange.
- There are various types of bonds in the Fixed Income market. Below mentioned are some of them :
- Treasury bonds: They are issued by the government treasuries to finance its budgets and to manage the fiscal deficit of the country. They are generally risk-free investments and are therefore priced at lower yields. However, when the economy is down, these bonds do well with the investors.
- Other US government bonds: they are issued by federal government agencies.
- Investment Grade Corporate Bonds: They are issued by companies or financing vehicles with much stronger balance sheets and credit ratings.
- High Yield Bonds: They are issued by companies or financing vehicles with much weaker balance sheets and credit ratings. These are normally issued by start-up companies who do not have a strong presence in the market and there is a risk of default as well.
- Foreign bonds: In this, the issuer promises to pay off his obligations to the lender in foreign currency. They are issued in foreign currency and the repayment of the same also happens in foreign currency.
- Mortgage-Backed bonds: Theses are backed by strong mortgages and the value of the bonds decreases as soon as the rate of the mortgage pre-payment rises.
- Municipal bonds: They are issued by US state and local government bodies normally the municipal corporations.
- It is more common in Investment Banks in the Fixed Income Trading division where bonds are bought and sold daily as and when an opportunity arises.
- Generally, a Fixed Income Trader /dealer is been hired by the company to take care of the bond trading activities.
Example: Suppose an investor wants to buy a tax-free bond at an 8% yield. In this case, the trader will search for the bond in the market, buy that bond in his prop book and then sell it to this investor by keeping a small margin as his profit for helping the investor to get his Investment done and transferring the bond into his DEMAT.
Sample Certificate
Requirements
- Interest in Bond Market: To take any of this Course, one has to have the willingness to make a career in the Debt Market. He should have an interest in the Bond Valuations and trading of the same in the secondary market.
- Graduate from Tier 1 University: The Candidate is expected to be a graduate from Tier 1 University to apply for this course since it requires a high level of Financial expertise in Fixed Income products.
- Strong Analytical Skills: This Fixed Income Trading Course requires a high level of analytical skills in performing various valuations for the trading of fixed-income securities.
- Strong Quantitative Skills: This Course will require the Candidate to be mathematically strong as he will be working more on Quantitative methods like bond Valuation, Gsec Valuation, NCD and CP Valuations, and Trading.
Target Audience
- Students: It refers to the graduates who have just passed out of college and willing to start a Career in Debt Market as a Bond Trader.
- Traders: It refers to those professionals who are already working in a Company in the Fixed Income trading division. This will help them to enhance their skills in the Fixed Income Space and keep them updated about the latest developments in the bond market
- Risk Managers: This course will be very useful for those who are working in the Risk Management cell of the company to know more about the bond valuation and the strategies to control the Swings in the yields with the changes in the economy.
- Statisticians: This course will also be good for those who are professionals in Statistics and are willing to make a career in the bond market space analyzing the Debt Instruments and tracking their movement daily to generate returns for the fund.
- Anyone willing to learn about bond trading: It refers to those who are from a Non-Finance background and are willing to learn the debt market concepts and its applications in the secondary market.
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