Fixed Income Investment Strategies

(3 Credit Hours) · Undergraduate

This course explores the intricate world of fixed income securities, a sector at the heart of the global financial system. The unprecedented market dynamics during the global financial crisis and COVID-19 pandemic, and rising national debt levels underscore the enduring importance and increasing complexity of this sector. This course studies the U.S. and global bond markets. We begin with core concepts, including fixed income valuation, the term structure of interest rates, and principles of hedging and arbitrage. Building on this foundation, the course delves into timely topics, such as the Federal Reserve’s impact on markets, fiscal capacity and Treasury supply, and new opportunities in areas like distressed investing. Throughout the course, we emphasize connecting theory with real-world applications, preparing students to navigate modern fixed income markets effectively.