*** Proof of Product ***
Exploring the Essential Features of “Credit Fixed Income – Andrew Loo – CFI Education”
Learn key concepts for credit analysts, investors, and traders
- Master the various instruments in the credit fixed income space
- Learn about the pricing of credit bonds and credit derivatives
- Understand how to look at the relative value in credit instruments
Overview
Credit Fixed Income Course Overview
In this Credit Fixed Income course, we will introduce key concepts for credit analysts, investors, and traders. We will explore what is credit fixed income and the nuances of corporate bonds, as well as examine many of the measures of the additional yield that credit products provide. Building upon that foundation, we will look at trading corporate bonds, as well as explain asset swaps, credit default swaps, credit derivatives, credit-linked notes, and first-to-default baskets.
By the end of this course, you will have a much deeper understanding of the skills and knowledge that both buy-side and sell-side analysts need to be successful in credit markets.
Credit Fixed Income Learning Objectives
Upon completing this course, you will be able to:
- Describe key characteristics of corporate bonds, from liquidity preference and coupon type, to offering formats, and provisions
- Appreciate the corporate bond issuer landscape from a trader/investor’s perspective, being able to speak to the various industry categories and provide examples of significant market players
- Discuss the key quantitative measures (i.e. types of spreads) used in reference to bonds by industry professionals
- Understand the mechanics of credit spreads and their relationships to each other
- Identify specific credit products that can provide investors additional yield and explain why these products can provide incremental returns in relation to others (‘relative value’)
Who Should Take This Course?
This Credit Fixed Income course is perfect for anyone who would like to develop a deeper understanding of spread products in fixed income. For the individual wanting to gain more breadth in corporate bonds and credit derivative product knowledge, this course explores a diverse range of topics on spread products from bonds to credit derivatives.
This course is designed to equip anyone who desires to begin a career in the capital markets on a fixed income desk or to help prepare for career advancement from junior to more senior fixed income trading or sales positions.
What you’ll learn
Course Introduction
Introduction
Downloadable Files
What is Credit Fixed Income
What is Credit Fixed Income
Credit Stack $ Credit Rating
Yield Curve & Market Insights & Credit Spreads
Credit Fixed Income-Economic Impact
Interactive Exercise 1
Corporate Bonds
Structure of Corporate Bonds & Subordinated Debt
Coupon Types & Fixed-Rate Bonds
Floating-Rate Notes (‘FRNs’)
Zero-Coupon Bonds
Interactive Exercise 2
Domestic Markets & Provisions & Rated Bonds
Corporate Bond Issuers
Corporate Bond Issuers
Financial Issuers
Financials – Subordinated Debt
Interactive Exercise 3
Case Study on Financials Issuer Covered Bonds
Types of Bond Issuer
Interactive Exercise 4
Credit Spreads
Credit Spreads
Credit Spreads – G, I & Z Spreads
Interactive Exercise 5
Floating-Rate Notes & Option Adjusted Spread
Credit Bond Yield and Spread exercise
Investment Considerations
Trading Corporate Bonds
Interactive Exercise 6
Midway Check-in
Credit Derivatives
Types of Credit Derivatives
Asset Swap
Components of a Swap Rate
Variations of Asset Swaps
Variations of Asset Swaps Continued
Interactive Exercise 7
Credit Default Swaps – Basic Terminology
Credit Default Swaps Continued
CDS Settlement & Recovery Rate
Why Use Credit Default Swaps
Interactive Exercise 8
CDX Index
IG Bond Derivatives – CDX Index
Interactive Exercise 9
Credit-Linked Notes (‘CLNs’)
Credit-Linked Notes (‘CLNs’) Continued
First-to-Default Baskets (‘FTDs’)
First-to-Default Baskets (‘FTDs’) Continued
Interactive Exercise 10
Course Summary
Qualified Assessment
Qualified Assessment
Please see the full list of alternative group-buy courses available here: https://lunacourse.com/shop/
