Overview
AI, Data Science & Cloud Certificates from Google, IBM & Meta — 50% Off
One plan covers every Professional Certificate on Coursera. 50% off Coursera Plus Annual for 10 days only — price increases June 17.
Unlock All Certificates
Master fixed income, bond valuation, yield analysis, and portfolio management skills used in modern financial markets.
Learn how bonds, interest rates, repo markets, and fixed income instruments drive investment, banking, and risk management decisions.
This Specialization provides a practical learning path for understanding bond markets, fixed income securities, bond ETFs, treasury instruments, corporate bonds, repo transactions, and portfolio strategies. You’ll learn how bonds are priced and traded, how yields influence investment decisions, and how interest rate movements affect bond values and portfolio performance.
Across the courses, you’ll build skills in bond valuation, yield curve analysis, duration, convexity, PVBP, credit risk, spot rates, forward rates, repo pricing, collateral management, structured finance, and fixed income portfolio construction. You’ll also explore professional tools and concepts such as swaps, FRAs, embedded options, binomial trees, mortgage-backed securities, and liability-driven investing
By the end of the Specialization, you’ll be able to evaluate fixed income investments, interpret yield and credit market signals, analyze repo and funding transactions, and apply practical bond portfolio management techniques relevant to investment banking, asset management, treasury, risk analysis, and financial markets roles.
Syllabus
- Course 1: Bonds and Bond ETF Investing Fundamentals
- Course 2: Fixed Income Instruments and Bond Yields
- Course 3: Fixed Income Valuation and Interest Rates
- Course 4: Fixed Income and Bond Valuation Analysis
- Course 5: Fixed Income Portfolio Management Analysis
- Course 6: Fixed Income Repo Trading and Risk Analysis
Courses
-
Learn how bonds and bond ETFs work in financial markets and develop the skills to analyze yields, evaluate risks, and understand fixed-income investment strategies. Build practical knowledge of bond investing and diversified portfolio management. This course provides a structured introduction to bonds, fixed-income markets, and bond exchange-traded funds (ETFs). You’ll explore how governments and corporations use bonds to raise capital, how bonds are priced and traded, and how yields influence investment decisions in changing market conditions . Throughout the course, you’ll learn the relationship between bond prices and yields, understand the structure of the bond market, and examine the different types of bonds available to investors. The course also introduces key concepts such as market segmentation, bond market participants, and credit ratings used to assess issuer reliability and investment risk. As the course progresses, you’ll explore bond ETFs and how they provide diversified exposure to fixed-income securities. You’ll compare individual bonds with bond ETFs, analyze how ETF values respond to market conditions, and understand the mechanics of ETF investing in modern financial markets. What makes this course unique is its practical progression from foundational bond concepts to modern fixed-income investment tools like bond ETFs. By the end of the course, you’ll be able to confidently interpret bond market behavior, evaluate bond-related investment risks, and understand how fixed-income investments support diversified portfolio strategies.
-
Learn how fixed income securities are priced, how treasury yields influence financial markets, and how bond risk is measured using duration and convexity. Build practical fixed income analysis skills used in investment, banking, and finance roles. This course provides a structured introduction to fixed income instruments and bond valuation techniques. You’ll begin by exploring the foundations of bond markets, treasury securities, and the relationship between bond prices and interest rates. The course explains how treasury instruments generate yields and how the time value of money is used to value fixed income securities. As the course progresses, you’ll learn how zero-coupon bonds and treasury bills are priced and how spot rates are derived from market data. You’ll also examine yield curves and understand how they reflect market expectations about future interest rates and economic conditions. Practical examples and calculations help learners connect theory with real-world financial market behavior. Advanced modules focus on bond pricing and risk measurement techniques including duration, convexity, and effective duration. You’ll learn how interest rate changes affect bond prices and portfolios while practicing valuation methods for corporate bonds and semi-annual coupon bonds. What makes this course unique is its clear, step-by-step progression from foundational bond concepts to advanced fixed income risk analysis. By the end of the course, you’ll be able to confidently evaluate fixed income instruments, interpret yield movements, and apply bond valuation techniques used in professional investment and financial analysis environments.
-
Master the principles of fixed income markets, bond valuation, credit analysis, and portfolio management used in modern investment and banking environments. Learn how professional investors evaluate bonds, measure risk, and manage fixed income portfolios. This course provides a comprehensive introduction to fixed income investing and the global bond market ecosystem. You’ll begin by exploring how fixed income securities function, how bonds are issued and traded, and how repayment structures and coupon payments influence investment returns. The course also examines the roles of issuers, investors, and market participants across primary and secondary bond markets. As the course progresses, you’ll learn bond valuation techniques and understand the relationship between bond prices and yields. You’ll analyze money market instruments, floating-rate securities, and key concepts such as duration, convexity, and interest rate sensitivity used to measure fixed income risk and return. Advanced modules introduce credit analysis, structured finance instruments, mortgage-backed securities, collateralized debt obligations, and arbitrage-free pricing frameworks. You’ll also explore advanced bond pricing models including binomial trees and embedded option analysis used in professional fixed income valuation. The course concludes with practical portfolio management strategies such as liability-driven investing, term structure analysis, and global fixed income allocation approaches used by institutional asset managers. By the end of the course, you’ll be able to confidently interpret fixed income markets, evaluate bond investments, and apply professional portfolio management techniques in real-world finance scenarios.
-
Master bond pricing, yield curve analysis, and fixed income valuation techniques used in modern financial markets. Learn how interest rates influence bond prices, how yield curves are constructed, and how fixed income derivatives help manage financial risk. This course provides a practical and structured introduction to fixed income pricing and yield curve analysis. You’ll begin by exploring how coupon bonds are valued, how interest rates affect bond prices, and how corporate bond credit spreads influence investment decisions in fixed income markets. As the course progresses, you’ll learn key yield concepts including Yield to Maturity (YTM), spot yield, and forward yield, helping you understand how financial markets interpret future interest rate expectations and term structure relationships. Step-by-step calculations and market-based examples provide practical insight into how yield measures are used in real-world bond valuation and investment analysis. Advanced modules focus on yield curve construction and interest rate derivatives. You’ll explore bootstrapping techniques used to derive spot yield curves, along with practical applications of swaps and Forward Rate Agreements (FRAs) for managing interest rate risk in banking and investment environments. What makes this course unique is its integration of bond valuation, yield analysis, and fixed income derivatives within one structured learning path. By the end of the course, you’ll be able to confidently interpret yield curves, evaluate fixed income securities, and apply interest rate risk management techniques used by finance and investment professionals.
-
Master bond valuation, fixed income analysis, and interest rate risk measurement using practical financial market techniques. Learn how bonds are priced, evaluated, and analyzed in modern investment and banking environments. This course provides a comprehensive introduction to fixed income securities and advanced bond valuation techniques used by finance and investment professionals. You’ll begin by exploring bond structures, legal frameworks, cash flow mechanics, and credit enhancements to build a strong understanding of how fixed income instruments function in financial markets. As the course progresses, you’ll examine how bonds are issued, traded, and classified across primary and secondary markets, including corporate, sovereign, and agency debt instruments. You’ll also learn pricing fundamentals and key interest rate concepts that influence bond valuation and market performance. Advanced modules focus on bond valuation techniques and risk analysis, including yield measures, spot rates, forward rates, duration, convexity, PVBP, and embedded options. You’ll explore how analysts evaluate credit risk, measure interest rate sensitivity, and interpret market spread changes that impact bond performance and investment returns. What makes this course unique is its structured progression from foundational bond concepts to advanced fixed income analytics supported by practical financial applications. By the end of the course, you’ll be able to confidently evaluate bond investments, interpret yield dynamics, and apply fixed income valuation techniques used in professional finance, banking, and investment management roles.
-
Learn how repo markets support liquidity, financing, and trading in global financial systems while developing practical skills in repo pricing, collateral management, and risk analysis. Understand how repurchase agreements operate and how financial institutions use repos to manage funding and trading activities. This course provides a comprehensive introduction to repo markets and repurchase agreements used in fixed income finance. You’ll begin by exploring how repo transactions function, why they are essential for liquidity management, and how financial institutions use repos for financing and debt management purposes. The course also examines key repo market participants, transaction structures, and operational mechanics. As the course progresses, you’ll learn how repo pricing works, including accrued interest calculations, purchase price determination, settlement mechanics, and cash flow structures. You’ll also explore collateral management techniques such as margin maintenance, collateral substitution, and valuation practices that help reduce counterparty and operational risks. Advanced modules focus on repo trading strategies including reverse repos, basis trading, long and short positioning, repo swap spreads, and the impact of liquidity conditions on repo financing decisions. The course also introduces central clearing counterparties, Basel regulatory requirements, and legal documentation frameworks governing repo transactions. What makes this course unique is its integration of practical repo transaction analysis, pricing calculations, trading strategies, and regulatory frameworks within one structured learning path. By the end of the course, you’ll be able to confidently analyze repo transactions, interpret repo market risks, and understand the critical role of repos in modern financial markets and fixed income portfolio management.
Taught by
EDUCBA