Certificate Program on Bond Markets


  • 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
  • 1 - Basics of Debt Markets

  • Introduction of debt market
  • Different types of debt instruments
  • Role of debt markets in capital markets

  • Analysis of Macro Economic Indicators of Debt Markets & Regulatory Framework

    Bond Structure

  • Coupons, yield, and redemption
  • Cash-flows in a bond / NCD

  • Callable and Putable Bonds

  • Basics of derivatives (options)
  • Understanding the working of callable and putable bonds

  • 2 - Risks in Bonds

  • Interest rate risk, Prepayment risk, reprising risk, yield curve risk

  • Credit risk and its sub-categories
  • Liquidity risk
  • Exchange rate risk
  • A simple case study on how companies having FCCBs almost went bankrupt

  • 3 - Time value of money and introduction to bond valuation

    Bond valuation

  • How bond prices change
  • Calculating value of bonds

  • 4 - Mortgage backed securities and asset backed securities

  • Basics of valuation of MBS and ABS
  • Case studies

  • 5 - Trading Strategies in Debt Markets

    6 - Bond Pricing

    Return Analysis
  • Potential Sources of Rupees Return
  • Total Return
  • Measuring Historical Performance

  • 7 - Price Volatility For Option-Free Bonds

  • Price Volatility of Option-Free Bonds
  • Duration as a Measure of Price Volatility
  • Combining Duration and Convexity to Measure Price Volatility
  • Duration and the Yield Curve

  • 8 - Bond Portfolios Profile (Risks and Accounting issues)

  • Held To Maturity
  • Available For Sale
  • Held For trading
  • 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