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Fixed Income Markets MSB365

Fixed income securities constitute a major asset class in international financial markets. Monetary policy and price discovery in fixed income markets determine their prices and therefore the shape of the yield curve. An understanding of the factors influencing the yield curve is of importance to all economic agents. In this course you learn about the basic instruments in fixed income markets and how they are traded.


Course description for study year 2021-2022. Please note that changes may occur.

Fakta
Emnekode

MSB365

Vekting (SP)

5

Antall semestre

1

Vurderingssemester

Autumn

Undervisningsspråk

English

Tilbys av

UiS Business School

Learning outcome

Upon completion of the course, students will acquire knowledge about

  • the features of major bond markets
  • the relationship between monetary policy and debt markets
  • the importance of repo markets

Upon completion of the course, students will acquire skills to

  • calculate the price and interest rate risk of fixed income securities
  • calculate implied forward rates
  • perform empirical bond analysis in R
Content

This course gives you an overview of fixed income markets and includes

• An introduction to government bonds, corporate bonds, mortgage-backed bonds, green bonds

• The yield curve and the term structure of interest rates

• Interest rate risk and duration

• Credit risk and rating agencies

• Liquidity risk and trading in secondary bond markets

• Derivatives including interest rate swaps and credit default swaps

Required prerequisite knowledge
None
Eksamen / vurdering

Hand-in in group and written exam

Vurderingsform Vekting Varighet Karakter Hjelpemiddel
Hand-in in group 2/10 1 Weeks A - F
Written exam 8/10 4 Hours A - F Valid calculator.

Course teacher(s)
Course coordinator: Siri Valseth
Study Program Director: Yuko Onozaka
Method of work

Lectures/video lectures: 25 hours

Group work/mandatory paper: 45 hours

Self-study: 80 hours

Open for
Business Administration - Master of Science
Course assessment
Students will have the opportunity to give feedback on the course first in an early dialogue, and then in a written course evaluation at the end of the course.
Literature
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