Fixed-income securities are the most traded asset class in the world. A significant portion of the institutional investors' trading portfolio consists of fixed-income securities and its derivatives. Markets for these securities have skyrocketed in the past few years, and their complexity has increased considerably (a factor contributing to the subprime crisis). Hence, it is important to understand the sources of risk for these complex securities and master the latest models and techniques to price and hedge these risks. The topics covered in the course include the basic concepts of fixed income instruments such as yield, term structure, duration and convexity, pricing of basic instruments, interest rate risk management, recent modeling techniques to value both traditional and recent derivative instruments, Mortgage Backed Securities and Credit Derivatives, Inflation, Monetary Policy.
Sections offered by academic year and season, with estimated offering chances for future years above the divider
Year
Fall
Spring
Summer
Intersession
2030
29%2030 Fall: 29% chance, medium confidence. Offered in 5 of 9 fall terms since 2018. Department course count falling about 2% per year. Department faculty is about 21% below its recent average.
39%2030 Spring: 39% chance, medium confidence. Offered in 6 of 9 spring terms since 2018. Department course count falling about 5% per year.
7%2030 Summer: 7% chance, medium confidence. Offered in 0 of 9 summer terms since 2018.
8%2030 Intersession: 8% chance, medium confidence. Offered in 0 of 6 intersession terms since 2020.
2029
34%2029 Fall: 34% chance, medium confidence. Offered in 5 of 10 fall terms since 2017. Department faculty is about 20% below its recent average.
41%2029 Spring: 41% chance, medium confidence. Offered in 6 of 10 spring terms since 2017. Department course count falling about 3% per year.
6%2029 Summer: 6% chance, medium confidence. Offered in 0 of 10 summer terms since 2017.
7%2029 Intersession: 7% chance, medium confidence. Offered in 0 of 7 intersession terms since 2017.
2028
34%2028 Fall: 34% chance, medium confidence. Offered in 5 of 11 fall terms since 2016. Department faculty is about 22% below its recent average.
47%2028 Spring: 47% chance, medium confidence. Offered in 6 of 11 spring terms since 2016.
5%2028 Summer: 5% chance, medium confidence. Offered in 0 of 11 summer terms since 2016.
7%2028 Intersession: 7% chance, medium confidence. Offered in 0 of 7 intersession terms since 2017.
2027
35%2027 Fall: 35% chance, medium confidence. Offered in 5 of 12 fall terms since 2015. Department faculty is about 21% below its recent average.
54%2027 Spring: 54% chance, medium confidence. Offered in 6 of 12 spring terms since 2015. Department course count rising about 4% per year.
5%2027 Summer: 5% chance, high confidence. Offered in 0 of 12 summer terms since 2015.
6%2027 Intersession: 6% chance, medium confidence. Offered in 0 of 7 intersession terms since 2017.
2026
11 section
Not offered
Not offered
n/aNo data for this term
2025
Not offered
11 section
Not offered
Not offered
2024
Not offered
11 section
Not offered
Not offered
2023
11 section
11 section
Not offered
Not offered
2022
11 section
22 sections
Not offered
Not offered
2021
11 section
22 sections
Not offered
Not offered
2020
11 section
33 sections
Not offered
Not offered
2019
Not offered
Not offered
Not offered
n/aNo data for this term
2018
Not offered
Not offered
Not offered
n/aNo data for this term
2017
Not offered
Not offered
Not offered
Not offered
2016
Not offered
Not offered
Not offered
n/aNo data for this term
ForecastUnder 15%15–39%40–69%70–89%90%+Not enough history
Fall Spring Summer Intersession Darker means more sectionsNot offeredNo data for term
Future estimates combine recent offering frequency with detected multi-year cycles. Hover a
cell for confidence and evidence; low-confidence estimates are marked with ~.
Meeting times
Most recent first
Thu, 2:50 PM–5:50 PMASEC3042026
Wed, 9:00 AM–11:50 AMJefferson Academic Center JF2222025
Tue, Thu, 9:00 AM–10:15 AMONLINE2021
Mon, Wed, 9:00 AM–10:15 AMONLINE2020
Wed, 9:00 AM–12:00 PMCarlson Hall CH1202013-22012-32011-32010-4
Mon, 1:00 PM–4:00 PMCarlson Hall CH2312013-12007
Thu, 9:00 AM–12:00 PMCarlson Hall CH1282012-12012-22011-12010-2
Thu, 1:00 PM–4:00 PMCarlson Hall CH2312011-22010-32009-2