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Fixed Income Markets Khader Shaik
Fixed Income Markets ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Bond Terminology ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Bond Terminology cont.. ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Bond Market Structure Khader Shaik
Market Players ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Bond Ratings ,[object Object],[object Object],[object Object],[object Object]
Bond Ratings Credit Worth Moody’s S&P Fitch High credit worth Aaa –> Baa3 AAA –> BBB- AAA –> BBB- Lower credit worth Ba1 –> B3 BB+ B B+ -> B- Default or Risky Caa –> C CCC+ -> D CCC+ -> D
Bond Valuation/Pricing
Bond Vs Interest Rate ,[object Object],[object Object],[object Object],[object Object]
Bond Price ,[object Object],[object Object],[object Object],[object Object]
Bond Quote ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Bond Quote - Example Simple Quote Symbol Rate Maturity Bid Ask Ask/yld AED 05 7 ¾ Feb 10 105:12 105:14 5.505 LTP ZR10 5 ¾ Feb 9 102:12 102:14 5.205
Bond Price ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],1/8  = $1.25 ¼  = $2.50 3/8  = $3.75 ½  = $5.00 5/8  = $6.25 3/4  = $7.50 7/8  = $8.75 1.0  = $10.00
Bond Valuation - Yield ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Treasury Securities Khader Shaik
Treasuries ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Treasury Market ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Treasury Types ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Zero Cupon Bonds ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

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Fixed Income Markets

Notas del editor

  1. Fixed Income Trading & Platform Architecture - Workshop Copyright@2007 Orbitra LLC www.orbitra.com
  2. Fixed Income Trading & Platform Architecture - Workshop Copyright@2007 Orbitra LLC www.orbitra.com
  3. Fixed Income Trading & Platform Architecture - Workshop Copyright@2007 Orbitra LLC www.orbitra.com
  4. Fixed Income Trading & Platform Architecture - Workshop Copyright@2007 Orbitra LLC www.orbitra.com
  5. Fixed Income Trading & Platform Architecture - Workshop Copyright@2007 Orbitra LLC www.orbitra.com
  6. Fixed Income Trading & Platform Architecture - Workshop Copyright@2007 Orbitra LLC www.orbitra.com
  7. Fixed Income Trading & Platform Architecture - Workshop Copyright@2007 Orbitra LLC www.orbitra.com
  8. Fixed Income Trading & Platform Architecture - Workshop Copyright@2007 Orbitra LLC www.orbitra.com
  9. Fixed Income Trading & Platform Architecture - Workshop Copyright@2007 Orbitra LLC www.orbitra.com
  10. Fixed Income Trading & Platform Architecture - Workshop Copyright@2007 Orbitra LLC www.orbitra.com
  11. Fixed Income Trading & Platform Architecture - Workshop Copyright@2007 Orbitra LLC www.orbitra.com
  12. Fixed Income Trading & Platform Architecture - Workshop Copyright@2007 Orbitra LLC www.orbitra.com
  13. Fixed Income Trading & Platform Architecture - Workshop Copyright@2007 Orbitra LLC www.orbitra.com
  14. Fixed Income Trading & Platform Architecture - Workshop Copyright@2007 Orbitra LLC www.orbitra.com
  15. Fixed Income Trading & Platform Architecture - Workshop Copyright@2007 Orbitra LLC www.orbitra.com
  16. Fixed Income Trading & Platform Architecture - Workshop Copyright@2007 Orbitra LLC www.orbitra.com
  17. Fixed Income Trading & Platform Architecture - Workshop Copyright@2007 Orbitra LLC www.orbitra.com
  18. Fixed Income Trading & Platform Architecture - Workshop Copyright@2007 Orbitra LLC www.orbitra.com
  19. Fixed Income Trading & Platform Architecture - Workshop Copyright@2007 Orbitra LLC www.orbitra.com
  20. Fixed Income Trading & Platform Architecture - Workshop Copyright@2007 Orbitra LLC www.orbitra.com