Debt Capital Markets Overview
Learn about debt capital markets and fixed income financial math
Overview
Master the mechanics of the markets in this comprehensive course that starts with the big picture of capital markets and the key players who drive them. Then dive deep into the world of fixed income, exploring how interest rates, treasury securities, and bond fundamentals shape global finance. Build your skills in financial math and advance into the sophisticated tools professionals use every day—bond pricing, holding period yield, duration, and convexity. Topics covered include:
- Capital markets overview
- Primary vs. secondary markets
- Capital markets participants
- Nominal vs. real interest rates
- US Treasury securities (bills, notes, bonds)
- Structure of fixed income securities
- Bond fundamentals
- Key terminology
- Bond prices vs. yields
- Coupon rate vs. current yield vs. yield-to-maturity
- Financial math
- Zero-coupon bonds
- Annuities
- Coupon bonds
- Price-yield relationship
- Bond pricing
- Modified IRR
- Holding period yield
- All-in-cost vs. yield-to-maturity
- Price value of basis point and yield value of 32nd
- Duration
- Convexity