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Unit of study_
FINC6014: Fixed Income Securities
2024 unit information
This unit covers the concepts required for investment in fixed income securities, managing bond portfolios and understanding debt markets. Topics covered include duration, convexity, interest rate risk, bond volatility and the term structure of interest rates. The more complex types of debt securities studied include mortgage backed securities, corporate bonds with embedded options such as convertible bonds and interest rate derivatives.
Unit details and rules
Managing faculty or University school:
Finance
| Code | FINC6014 |
|---|---|
| Academic unit | Finance |
| Credit points | 6 |
|
Prerequisites:
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FINC5001 |
|---|---|
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Corequisites:
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None |
| Prohibitions:
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None |
| Assumed knowledge:
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None |
At the completion of this unit, you should be able to:
- LO1. Describe the operations in money and bond markets and appraise the more recent developments in these markets.
- LO2. Calculate bond prices and yields and calculate and interpret the Macaulay duration, modified duration, dollar duration, and convexity of a bond.
- LO3. Explain the impact of inflation, liquidity and segmentation on the slope of the yield curve and the predictive content of the yield curve for future economic growth.
- LO4. Structure and manage a diversified fixed income portfolio.
- LO5. Evaluate interest rate risk management techniques.
Unit availability
This section lists the session, attendance modes and locations the unit is available in. There is a unit outline for each of the unit availabilities, which gives you information about the unit including assessment details and a schedule of weekly activities.
The outline is published 2 weeks before the first day of teaching. You can look at previous outlines for a guide to the details of a unit.
| Session | MoA ? | Location | Outline ? |
|---|---|---|---|
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Semester 2 2024
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Normal day | Camperdown/Darlington, Sydney |
Outline unavailable
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Modes of attendance (MoA)
This refers to the Mode of attendance (MoA) for the unit as it appears when you’re selecting your units in Sydney Student. Find more information about modes of attendance on our website.
