What you will learn
- Understand the 'no-arbitrage' principle employed in the valuation of fixed income securities.
- Understand the limitations of 'yield-to-maturity' as a measure of the rate of return on default free fixed income securities.
- Develop a 'no-arbitrage' interpretation of forward rates.
- Develop a deep understanding of duration and convexity and be aware of common misunderstandings of these concepts.
- Understand and be able to reproduce the yield and risk measures on Bloomberg YAS screens for government bonds.
This professional certificate is designed to help develop a complete set of desk-ready skills for fixed income market participants. You will learn how to determine fair values, yields and risk measures for a wide variety of instruments including government bonds, corporate bonds, mortgage securities and fixed income derivatives. You will also be able to understand the structure and trading conventions of fixed income markets, and learn how to construct, interpret, and trade the term structure of interest rates. The program is comprised of three courses and a final examination:
- Fixed Income Mathematics: Pricing and Valuation of Bonds
- Fixed Income Instruments and Markets
- Yield Curve Analysis
- Fixed Income Professional Certificate Examination
Completing all 3 courses and then taking the Professional Certificate Examination is MANDATORY to achieve both the NYIF Certificate of Mastery and the edX Professional Certificate in Fixed Income. A verified learner must pass all courses in the program with a minimum grade of 70% to earn a Professional Certificate in Fixed Income.
Free Preview! Access the first module from Course 1 for free. For full course access, upgrade to a verified certificate.
Courses in this program
NYIF's Fixed Income Professional Certificate
- According to BLS statistics, the profession is poised to grow at about 11% in the period between 2016 to 2026, and there will be continuous advancement as the economic activity further picks up.
- The base salary for Fixed Income Analyst ranges from $53,000 to $124,000 with the average base salary of $70,213. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $57,000 to $154,000.
- Career prospects for people with similar training Fixed Income Analyst, Portfolio Management, Fixed Income Traders, Research Analysts, Financial Analysts.