Certificate Program on Bond Markets


The bond market is a financial market where participants can issue new debt, known as the primary market, or buy and sell debt securities, known as the secondary market. Unlike bank loans, bonds may be held by retail investors. This makes the Bond markets very attractive to long term investors.

  • To provide conceptual, analytical and practical inputs for understanding debt instruments and applying tools and techniques of fixed income analytics.

  • To make participants familiar with the concepts of bond mathematics and application of the same in trading and practice

  • To explain the pricing and valuation of fixed income securities

  • Presentation and discussion
  • Excel exercises wherever required
  • Cases and examples
  • Day 1
    1. Basics of Debt Markets 2. Risks in Bonds
    Introduction of debt market Interest rate risk, Prepayment risk, reprising risk, yield curve risk
    Different types of debt instruments Credit risk and its sub-categories
    Role of debt markets in capital markets Liquidity risk
    Bond Structure Exchange rate risk
    Callable and Putable Bonds Case study on how companies having FCCBs almost went bankrupt
    3. Time value of money and introduction to bond valuation 4. Mortgage backed securities and asset backed securities
    Bond valuation Basics of valuation of MBS and ABS
    How bond prices change Case studies
    Calculating value of bonds

    Day 2
    5. Trading Strategies in Debt Markets 6. Bond Pricing
    Return Analysis
    7. Price Volatility For Option-Free Bonds Potential Sources of Rupees Return
    Price Volatility of Option-Free Bonds Total Return
    Duration as a Measure of Price Volatility Measuring Historical Performance
    Combining Duration and Convexity to Measure Price Volatility 8. Bond Portfolios Profile (Risks and Accounting issues)
    Duration and the Yield Curve Held To Maturity
    Available For Sale
    Held For trading

  • Investors, Distributors of Mutual Funds
  • Employees of Mutual Funds, Brokers, Sub-brokers
  • Financial Intermediaries and Investment Consultants Executives in Asset Management Companies
  • Portfolio Managers & Investment Advisors
  • 2 Full Days (Saturday & Sunday), 10.00 am to 5.30 pm

    Rs. 11,000.00 + Applicable Taxes per participant inclusive of tuition fees, reference material and (morning / evening) refreshments only.

    For further details regarding contents,
    E-mail: training@bseindia.com