Bonds: Basic Features

Bond Indenture

Fixed Income Structures

Different Structures of Interim Cash Flows

Bonds With Embedded Options

Primary & Secondary Bond Markets

Sovereign, Non-Sovereign, Quasi-Government, and Supranational Bonds

Corporate Debt

Structured Financial Instruments

Banks’ Short-Term Funding Alternatives

Basic Bond Valuation

Bond Price Conventions

Matrix Pricing

Yield Measures

Spot & Forward Curves

Yield Spreads – Part 1

Yield Spreads – Part 2

Securitization

Residential Mortgage Loans

Residential Mortgage-Backed Securities (RMBS)

Commercial Mortgage-Backed Securities (CMBS)

Non-Mortgage Asset-Backed Securities (ABS) and Collateralized Debt Obligations (CDOs)

Duration

Convexity

Risks and Returns

Seniority Ranking and Recovery Rates

Credit Ratings

Credit Analysis

Special Considerations in Credit Analysis