Boot-strap spot curves, derive par & forward rates, and flip between them to price bonds or swaps. Finish with curve shapes and what they signal about growth, inflation and policy.

Floating notes aren’t risk-free. We calculate money-market yields, discount margins and quoted margins, then see how caps, floors and reference-rate changes alter valuation.

Deconstruct quoted yields: street-convention, bond-equivalent, periodicity tweaks and callable-bond option-adjusted spreads. Learn when each metric best explains risk-adjusted return.

Discount every coupon like a pro. Topics include PV with spot curves, YTM conventions, full vs. flat price, constant-yield price paths and matrix pricing when comparable issues are thinly traded.

Survey sovereign T-bills, notes & bonds, plus quasi-govt, municipal and supranational paper. We show auction formats, benchmark curves and the unique tax, liquidity and policy roles these securities play worldwide.

Short-term working-capital lines, ABCP, bank revolvers and repos vs. long-term IG or HY bonds—this module links funding choices to credit strength. Walk through loan covenants, backup liquidity lines and why HY issuers rely on collateral and call protection.

From roadshow to re-offer we track a new issue’s life, then dive into secondary-market micro-structure. Understand broad vs. sector indexes, turnover math and why liquidity clusters in the newest (“on-the-run”) paper. We also compare primary auctions, syndications and private placements.

Go beyond plain-vanilla coupons. We map amortizing schedules, sinking-funds, FRNs, zeros, linkers and deferred-coupon bonds. Compare issuer pros & investor cons, then learn how contingency features—calls, puts, converts—reshape risk/return for both sides of the deal.

First stop on the bond tour: what exactly are you buying? We break down issuer types, par value, coupons (fixed vs. floating), seniority in liquidation and the covenants that legally bind the borrower. See how each feature shapes cash-flow timing and default risk, and why investors demand different yields for different structures.

The capstone module—linking cash flows to price. Inside you will:

• Contrast dividend discount, FCFE and Gordon growth models.
• Build multi-stage models and reconcile to market multiples.
• Use asset-based and enterprise-value approaches.

You’ll graduate able to triangulate value from first principles and market sentiment.