ECON138 CM - Debt MarketsThis course is for students who are interested in using various debt market instruments for investment and financing. Examples of debt market instruments and their derivatives include Treasury, corporate, and municipal bonds, mortgage-backed securities, repurchase agreements, interest rate swaps and options, credit default swaps, and collateralized debt obligations, among others. Fundamental economic principles and analytical tools for pricing and hedging debt market securities, such as basic bond mathematics, bootstrapping, yield curve fitting, interest rate tree models, and structural and reduced-form credit risk models will be introduced. Several fixed-income arbitrage strategies popular on Wall Street will be analyzed.
Prerequisites: ECON 134 CM
Offered: Every year
Credit: 1
Course Number: ECON138 CM
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