Fixed Income Securities and Credit Analysis - 2017

To enrol in this unit, you must be accepted into a course from the provider. Read before you start

Unit summary


  • Level of Study: Postgraduate
  • Study load: 0.125 EFTSL
  • Delivery method: Fully Online
  • Prerequisites: No
  • Duration: 13 weeks
  • Government loans available: FEE-HELP
  • Availability for 2017: Sess 2 , Sess 3
  • Availability for 2018: Sess 2 , Sess 3
  • Assessment: Assignment - Linked CLOs: 2, 3, 4, 5 (30%) , Invigilated Exam - Linked CLOs: 1, 2, 3, 4 & 5 (50%) - Learn more

Unit provided by

2017 Fees
Domestic 4,080.00
International 4,330.00

This unit introduces you to fixed income securities and the markets they operate in. It provides you with the knowledge and skills in the theoretical and practical aspects of fixed income securities, their valuation, risk assessment and performance assessment. In this unit you will apply finance theories and tools, analyse and evaluate relationships between risk and return, and create strategies to construct, manage and assess performance of fixed income security portfolios.

On successful completion of this unit you will be able to:

  1. CLO1: Examine and classify various fixed income securities and their respective markets
  2. CLO2: Apply finance theories and tools to value different types of fixed income securities
  3. CLO3: Analyse the relationship between interest rate risk and return and understand credit risk analysis for fixed income securities
  4. CLO4: Evaluate the link between institutional liabilities and portfolio selection and identity practical applications and management strategies including interest rate immunisation
  5. CLO5: Create strategies to construct, manage and assess performance of fixed income security portfolios.
  • Assignment — Linked CLOs: 2, 3, 4, 5 (30%)
  • Invigilated Exam — Linked CLOs: 1, 2, 3, 4 & 5 (50%)
  • Mid-study period test — Linked CLOs: 1, 2 (20%)
For more information on invigilated exams see Exams and results

There are no prerequisites for this unit.

In order to enrol in this unit, you must be accepted into one of the following courses:

Please visit the course details page and read the Requirements tab for more information about eligibility.

This unit addresses the following topics.

1Introduction to Bond Markets and Bond Pricing
2Yield Measures and Return Estimation
3Interest Rate Risk and Volatility
4Bond Yields and Term Structure of Interest Rates
5Treasuries, Corporates and Non-US Bonds
6Mortgage-Backed Securities
7Bond Portfolio Construction and Liability Management Strategies
8Measuring Bond Performance
9Analysis of Bonds with Options
10Credit Analysis of Corporate Bonds

This unit is delivered using the following methods and materials:

Instructional Methods

  • Discussion Forum/Discussion Board
  • Online Quizzes/Tests
  • Online assignment submission
  • Web links

Online materials

  • Online Assessment
  • Printable format materials
  • Resources and Links

This unit is a core requirement in the following courses:

This unit may be eligible for credit towards other courses:

  1. Many undergraduate courses on offer through OUA include 'open elective' where any OUA unit can be credited to the course. You need to check the Award Requirements on the course page for the number of allowed open electives and any level limitations.
  2. In other cases, the content of this unit might be relevant to a course on offer through OUA or elsewhere. In order to receive credit for this unit in the course you will need to supply the provider institution with a copy of the Unit Profile in the approved format, which you can download here. Note that the Unit Profile is set at the start of the year, and if textbooks change this may not match the Co-Op textbook list.

Textbooks are subject to change within the academic year. Students are advised to purchase their books no earlier than one to two months before the start of a unit.

Click on the titles of the listed books below to find out more:

Required textbooks

  • Bond Markets, Analysis and Strategies


    ISBN: 9780133796773


    Supplier:Go to The Co-op Bookshop

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