Advanced Fixed Income Course Overview
This Advanced Fixed Income course will explore some more advanced topics within fixed income capital markets. This course will use more technical and mathematical concepts to teach you not only to understand these advanced concepts but also to be able to calculate how we get them.
We will explore what bootstrapping is and how we can use it to construct hypothetical yield curves. Then, we will look at using the forward curve to value derivatives. We will also discuss constructing and fitting yield curves and using the cheap-rich analysis to see if a bond is rich or cheap.
Finally, we will look at the bond futures contract and calculate the implied repo rate to determine which bond is the most cost-efficient in the deliverable basket to deliver physically.
Advanced Fixed Income Learning Objectives
Upon completing this course, you will be able to:
- Understand different variations of yield curves (e.g., Par, Spot, and Forward yield curves)
- Construct hypothetical yield curves using bootstrapping
- Fit yield curves based on a series of yield observations
- Learn how to tell if a bond is rich or cheap using cheap-rich analysis
- Understand bond futures and how to determine which bond is the most economical to deliver
Advanced Fixed Income is an Elective Course of CFI’s CMSA® Program
CFI’s Capital Markets & Securities Analyst CMSA® program covers all the basic, intermediate, and advanced topics about sales and trading, investment banking, and asset management. This program teaches you trading strategies used in the finance and capital markets industry. It is ideal for students who want to learn how to trade different asset classes. The program is completely online, so you can take it at your own pace, from anywhere in the world.
Common career paths for students who take the CMSA® are Sales & Trading, Asset Management, Wealth Management, Treasury, Risk Management, and other capital markets careers.
Who should take this CMSA® Course?
This Advanced Fixed Income course is perfect for anyone who wants to have a deeper analytical understanding when using market-data providers such as Bloomberg or Reuters EIKON. The individual wants to gain more breadth in fixed income or desire to cover some more advanced topics within fixed income.
This course is designed to equip anyone who desires to begin a career in the capital markets on a fixed income desk or prepare for career advancement from junior to more senior fixed income trading or sales positions.
- All 25 CMSA® courses
- Skills Learned Trading strategies used in the finance and capital markets
- Career Prep Work in capital markets, whether on the buy-side or the sell-side
5 courses from beginner to intermediate level.01Optional
6 courses from beginner to intermediate level.02Required
13 courses in advanced and intermediate levels.03Required
Submit your CMSA® checklist and order your certificate.04Required
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Get access to the Global Corporate Finance Society.05Optional