Fixed Income - Part 3 (2019)
This eCourse consists of two modules. Module 1 describes the various sectors of the UK bond market, beginning with the two main types of gilt (conventional and index-linked gilts). Gilt issuing and trading procedures are covered in detail, before the tutorial moves on to the non-gilt sector to describe the market for bank bonds, corporate bonds, listed retail bonds on the London Stock Exchange’s Order Book for Retail Bonds (ORB), and unlisted mini-bonds.
Module 2 outlines the structure of the US market and describes the key features of the different types of security in each sector.
On completion of this course, you will be able to:
- Describe the market for UK government bonds and the features and characteristics of the different types of gilt in issue (conventional, index-linked, and undated)
- Outline how the non-gilt market has evolved and developed, particularly in relation to the surge of interest in retail bonds in recent years
- Outline the structure of the US bond market and how the market is intertwined with government policy and the economy as a whole
- Describe the most important sector of the market – US Treasury securities – in addition to the other major sectors, namely corporate, agency, municipal, mortgage-related, and asset-backed securities
Module 1: UK Bond Market
Topic 1: The Gilt Market
Topic 2: Other Bond Market Sectors
Module 2: US Bond Market
Topic 1: Market Overview
Topic 2: Treasury Securities
Topic 3: Other Bond Market Sectors