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    FIS - Fixed Income Securities

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    Navi Fis
    This document provides information on a course titled "Fixed Income Securities" offered at the Institute of Rural Management Anand. The 1.5 credit course is taught over 10 sessions and introduces students to key concepts related to fixed income securities and bond markets. The course objectives are to provide students with an overview of fixed income securities and their characteristics, methods of valuation and yield calculation, understanding of interest rate risks, and linkages between bond markets and macroeconomic dynamics. Evaluation involves quizzes, assignments, projects, class participation, and an examination. Reading materials include a textbook on bond markets and a reference book on fixed income securities.

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    FIS - Fixed Income Securities

    Uploaded by

    Navi Fis
    71 views3 pages
    This document provides information on a course titled "Fixed Income Securities" offered at the Institute of Rural Management Anand. The 1.5 credit course is taught over 10 sessions and introduces students to key concepts related to fixed income securities and bond markets. The course objectives are to provide students with an overview of fixed income securities and their characteristics, methods of valuation and yield calculation, understanding of interest rate risks, and linkages between bond markets and macroeconomic dynamics. Evaluation involves quizzes, assignments, projects, class participation, and an examination. Reading materials include a textbook on bond markets and a reference book on fixed income securities.

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    03. FIS_Fixed Income Securities

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    This document provides information on a course titled "Fixed Income Securities" offered at the Institute of Rural Management Anand. The 1.5 credit course is taught over 10 sessions and introduces students to key concepts related to fixed income securities and bond markets. The course objectives are to provide students with an overview of fixed income securities and their characteristics, methods of valuation and yield calculation, understanding of interest rate risks, and linkages between bond markets and macroeconomic dynamics. Evaluation involves quizzes, assignments, projects, class participation, and an examination. Reading materials include a textbook on bond markets and a reference book on fixed income securities.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    71 views3 pages

    FIS - Fixed Income Securities

    Uploaded by

    Navi Fis
    This document provides information on a course titled "Fixed Income Securities" offered at the Institute of Rural Management Anand. The 1.5 credit course is taught over 10 sessions and introduces students to key concepts related to fixed income securities and bond markets. The course objectives are to provide students with an overview of fixed income securities and their characteristics, methods of valuation and yield calculation, understanding of interest rate risks, and linkages between bond markets and macroeconomic dynamics. Evaluation involves quizzes, assignments, projects, class participation, and an examination. Reading materials include a textbook on bond markets and a reference book on fixed income securities.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 3

    Institute of Rural Management Anand

    PGDM (RM) – 41 (2020-22)


    Academic Year (2021-22)

    Term V
    Course Title Fixed Income Securities (FIS) Credit 1.5
    Course Instructor Abhinav Rajverma
    Email ID [email protected] Contact No. 81281-95751

    DESCRIPTION
    This course provides an overview of a significant area of the contemporary financial markets and
    covers crucial elements of fixed-income securities. Debt borrowings influences the cost of
    capital and contributes to the firm’s valuation. The course also encompasses risks associated with
    fixed-income securities and interest rates. Real-world finance problems are taken up for
    discussion with the help of case studies, lectures, and assignments.
    COURSE OBJECTIVES
    The course aims at providing the participants with the following:

    • Overview of fixed income securities and their characteristics


    • Valuation of the fixed income securities and their yield
    • Measure and manage interest rates and risks associated with fixed-income securities
    • Understanding the linkages between microeconomic dynamics and bond market
    • Risk management using interest rate derivatives

    CONNECT WITH IRMA’S MISSION AND COURSE


    The course would help in developing the relevant knowledge and understanding of fixed-income
    securities and interest rates. Thus, professional managers would be better equipped to raise funds
    from varied sources, including debt markets, and lower the organization’s cost of capital.

    1
    LEARNING OUTCOMES

    • Basic understanding of fixed-income securities and bond markets


    • Analyzing bond pricing and bond yield
    • Analyze the linkages between microeconomic dynamics and bond market
    • Overview of basics of STIR derivatives and risk management.

    COURSE REQUISITES: GPA of “2.33 and above” in Financial Management

    PEDAGOGY/TEACHING METHODOLOGY
    The pedagogy would consist of an appropriate mix of lectures, cases and discussions.
    EVALUATION PLAN
    Component(s) Weightage (%)
    Quizzes 20%
    Assignments 20%
    Project 20%
    Class Participation 10%
    Examination 30%

    Text Book (S)

    1. Bond Markets, Analysis, and Strategies. Frank J. Fabozzi. Pearson.

    Reference Book(s)
    1. The Handbook of Fixed Income Securities. Frank J. Fabozzi and Steven V. Mann. Mc Graw
    Hill Education.
    2. Fixed Income Securities: Valuation, Risk and Risk Management. Pietro Veronesi, Wiley.

    2
    Schedule of Sessions:

    Session 1:
    Introduction to Financial Markets & Fixed Income Securities
    Risks associated with Fixed Income Securities
    Reading(s)
    1. Article: Note on The Changing Dynamics of Debt Financing in India
    2. Chapter 1 from the Text Book
    3. Chapter 2 from the RB (The Handbook of Fixed Income Securities)

    Session 2: Macroeconomic Dynamics and Bond Markets


    Reading(s)
    1. Chapter 5 from RB (The Handbook of Fixed Income Securities)

    Session 3 & 4: Bonds, Bond Prices, Bond Yield


    Reading(s)
    1. Article: Note on the Yield Curve
    2. TB Chapters – 2 & 3
    3. Case 1: Fixed Income Valuation, HBS Publishing

    Session 5 & 6: Bond Price Volatility, Bond Duration and Convexity of Bond
    Reading(s)
    1. Chapter 4 from the Text Book

    Session 7: The Term Structure of Interest Rate, Bootstrapping


    Reading(s)
    1. Chapter 8 from the RB (The Handbook of Fixed Income Securities)

    Session 8 & 9: Interest Rate Futures and Options


    Reading(s)
    1. Chapters 27 & 28 from the Text Book

    Session 10: Interest Rate Swaps, Recap & Presentation


    Reading(s)
    1. Chapter 29 from the Text Book
    2. Case 1: Pricing of Swap Contracts by Rajverma, A. and Kishan, PKV (Preprint)

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