Bond Valuation and Methodologies
Webinar Training Session
Please join the AMF and GFMI on this educational Webinar Training Session from the convenience of your own office. As you can see from the Webinar outline below, this online training session is extremely valuable and the most effective way to increase your knowledge level of bond valuation and methodologies. We invite you to jump to this opportunity and register today!
Thursday, November 19, 2009
3:00pm - 4:30pm
Register Now!
Instructor: Mayra Rodriguez Valladares
SIFMA has teamed up with GFMI, an international financial training Provider of courses in Capital Markets, Fixed Income, Derivatives, Foreign Exchange, Options, Swaps, Equity, Portfolio and Risk Management, among
Objectives:
- Identify the mathematics of price, yield and rate of return
- Familiarize yourself with industry day count and interest conventions
- Interpret the numbers and discuss the analytic insights
Module I: Pricing Bonds
Participants will learn how to price a bond. By the end of the session, the course participant will be able to:
- Identify quoting conventions
- Treasuries plus a spread i.e. nominal spread
- Define a basis point
- Differentiate between bond yields and money market yields
- Identify and discount cash flows
- Price a note/bond
- Price a zero coupon bond
- Evaluate zero coupons unique place for valuing fixed income securities
- Calculate accrued interest
- Different day count conventions
Module II: Yields and Total Returns
This session examines the standard conventions for yield and return calculations. Emphasis is on the interpretation by market professionals of yield when assessing a bond’s value. By the end of this session, the course participants will be able to:
- Nominal yield
- Current yield
- Yield to maturity
- Yield to call
- Conventions for yield quotes
- Estimating Returns
- Realized compound yield
- Total return (horizon) analysis
- Investment horizon
- Reinvestment rate(s)
- Price changes
- Yield(s) at time horizon
Module III: Traditional Fixed Income Risk Measurements
This session examines the various types of duration (Macaulay’s, modified, dollar,) and how they are determined as well as their interpretation and application in fixed income trading and investment management. By the end of the session, participants will be able to describe and apply the following duration related concepts and measures:
- Define price volatility / sensitivity
- Factors determining volatility
- Non callable bonds
- Callable bonds
- Same as above
- Call features
- Macaulay’s Duration
- Modified duration / Present Value of a Basis point (DV01/PVBP)
- Dollar duration
- Convexity
Registration Information
The registration fee for the webinar is $140 for AMF/SIFMA Members and $175 for non-members.
For questions regarding this event, please contact Diane Trupia of the Asset Managers Forum staff at 212-313-1170 or dtrupia@sifma.org
Please note that this webinar, and any questions or comments made by participants during the presentation, will be recorded in its entirety and made available for replay on the AMF/AMG and SIFMA websites, or used for other future promotional uses.
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