Risk
Fixed Income Valuation
Bond Pricing, Discount Rates, Yield Calculations, and Reinvestment Risk
4 CPD credits on completion
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Certificate on completion
Downloadable resources
Self-paced learning
About This Course
Course Information
This course explains concepts like pricing conventions, discounting, arbitrage, interest rates, bond yields and return calculations.
Certificate on Completion
This course is made up of videos, questions and additional reading materials and accounts for 4 units of CPD. One unit is the equivalent of one hour of learning. A certificate will be issued once you have completed all 4 units.
Course Sections
This course is made up of the following sections:
- Bond Valuations (video)
- Present and Future Values (video)
- Clean and Dirty Pricing (video)
- Pricing Conventions, Discount and Arbitrage (quiz)
- Bond Compounding (video)
- Impact of Bond Maturity (video)
- Interest Rates (quiz)
- Bond Yields (video)
- Bond Profit and Loss (video)
- Bond Yields and Return Calculations (quiz)
- Additional reading materials
What You Will Learn
- Describe the three-step bond valuation process: estimating cash flows, determining discount rates, and computing present value
- Distinguish between treasury and non-treasury bond valuation, including the role of credit risk premiums
- Calculate bond prices using single-yield and spot-rate discounting for both coupon and zero-coupon bonds
- Explain how compounding frequency (annual, semi-annual, continuous) affects the effective interest rate and bond value
- Apply realised return calculations that account for coupon reinvestment at varying rates
- Identify the sources of reinvestment risk and how they affect total bond returns over the holding period
Who This Course Is For
- Finance professionals involved in fixed income analysis, trading, or portfolio management
- Risk analysts who need to value bonds and understand yield-based risk measures
- Accountants working with debt instruments who need a solid grounding in bond mathematics
Prerequisites
- Understanding of time value of money concepts, including present value and future value
- Familiarity with basic interest rate arithmetic and compounding
Frequently Asked Questions
Course Details
CPD Credits4
CertificateYes
Pricing
Pricing
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CPD certificate on completion
Downloadable resources
Self-paced learning
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