Fixed Income and Debt

Fixed Income - Part 3 (2023)


This eCourse consists of two modules. Module 1 ddescribes 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, and listed retail bonds.

Module 2 provides a high-level overview of the US bond market and defines and explains each of its key sectors.


On completion of this course, you will be able to:
- Identify the features of gilts
- Distinguish between the different types of gilt
- Recognise the different types of nongilt bond available in the UK
- Identify the different features of the nongilt market that have risen to prominence in the relatively recent past
- Define the US bond market and identify its composition
- Define the US Treasury market and list the categories of treasury securities
- Recall the Treasury auction process
- Define the US corporate bond market and name the typical features of corporate bonds
- Define the US municipal bond market and identify the types of municipal bonds
- List and define other important US bond market sectors


Module 1: UK Bond Market
Topic 1: Overview Of The UK Bond Market
Topic 2: Gilts
Topic 3: Nongilts
Topic 4: Market Operations

Module 2: US Bond Market
Topic 1: US Bond Market Overview
Topic 2: Government Securities
Topic 3: Corporate Bonds
Topic 4: Municipal Bonds
Topic 5: Agency Securities


Relevant Subject
Type 1 - Dealing in securities
Type 4 - Advising on securities
Type 6 - Advising on corporate finance
Type 9 - Asset management
SFC:2.50, PWMA:2.50
Chinese Securities Association of Hong Kong (HKCSA): HK$790
Non-Member: HK$1125
All Member: HK$750
Staff of Corporate Member: HK$750