Aims and Fit of Module

The aim of this module is to teach students how to describe fixed income securities (cash and derivative) and their markets, yield measures, risk factors, and valuation measures and drivers. Students will be taught how to calculate yields and values of fixed-income securities. The student will also be trained in the usage of industry analytic systems that are essential for this highly quantitative area of financial markets.

Learning outcomes

A. Demonstrate a systematic understanding of knowledge, and a critical awareness of, current issues in the area of professional practice related to fixed income, cash and derivative, instruments

B. Demonstrate originality in the application of knowledge, together with a practical understanding of established, applied techniques of research and analysis as used to interpret knowledge and practice in the area of fixed income and derivative instruments.

C. Demonstrate conceptual understanding that enables the student to evaluate methodologies and develop critiques of them and, where appropriate, propose new practices in the field.

Method of teaching and learning

This module will be taught using a combination of lecturers, tutorials and investment seminars in the Thomson Reuters financial lab.  Learning will be reinforced by appropriate readings from both the textbook and topical articles in the financial press.