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Description

Bond Markets: Pricing Securities, Measuring Risk and Rebalancing

Connect every market commentary to the calculation that explains the price of the securities you hold

  • 2 days — 14 h
  • In-person or virtual
  • Intermediate
  • Up to 6 participants

Team members monitor bond positions without being able to rebuild a price. They see a yield rise and a valuation fall without being able to quantify the size of the move. Terms such as sensitivity, duration and credit spread circulate in market commentary without ever being linked to a calculation. Decisions are then taken on the sole strength of the commentary received.

These two days rebuild bond reasoning from the ground up. Participants price a fixed-rate bond, measure a portfolio's sensitivity to a change in yields, read a yield curve and a credit spread, then break down the main structures issued on the market.

Learning objectives

  • Describe the contractual features of a bond issue
  • Price a fixed-rate bond by discounting its cash flows
  • Calculate and interpret the sensitivity and duration of a security
  • Read a yield curve and draw positioning conclusions from it
  • Analyse a credit spread and its evolution
  • Distinguish the main bond structures and the risks specific to each

What makes this programme different

Every concept is verified through a calculation reworked by participants themselves
Market moves discussed in commentary are linked to the price of the securities concerned
Floating-rate and index-linked structures are broken down cash flow by cash flow

Programme

1Anatomy of a Bond

Reading the terms of the issue

  • Nominal value, coupon, maturity and redemption terms
  • Primary market and the placement process
  • Secondary market and how liquidity forms
  • Debt seniority and covenants protecting holders

2Pricing and Interest Rate Risk

Linking yield and price

  • Discounting cash flows and the clean price
  • Actuarial rate and yield to maturity
  • Sensitivity, duration and convexity
  • Effect of a curve shift on a portfolio
  • Instruments for hedging interest rate risk

3Yield Curve and Credit Risk

Understanding what the market is charging for

  • Building and reading the yield curve
  • Expectations and positioning according to the slope
  • Credit spread and breakdown of the yield
  • Ratings and monitoring issuer credit quality
  • Instruments for transferring credit risk

4Specific Structures and Portfolio Management

Moving beyond fixed rates

  • Floating-rate securities and indexation mechanisms
  • Inflation-linked bonds
  • Securities carrying an early redemption option
  • Subordinated debt and hybrid securities
  • Building and monitoring a bond portfolio

Who is it for

Trading floor and middle office staff as well as junior portfolio managers and financial analysts.

Prerequisites

Command of discounting calculations and familiarity with how financial markets operate

Dates & locations

24 scheduled dates between November 2026 and December 2027. Seats are confirmed in the order enquiries are received.

November 2026

December 2026

January 2027

February 2027

March 2027

April 2027

May 2027

June 2027

September 2027

October 2027

November 2027

December 2027

None of these dates suit you? We open additional sessions on request, and any programme can be run privately for your team.

Practical details

Before the programme
Online positioning questionnaire. Your development objectives are shared with the trainer, who tailors the practical case studies to your context.
Teaching methods
Theoretical input, workshops and practical case studies. Digital course materials and method sheets provided.
Assessment
Multiple-choice tests and role-play exercises. Assessment of learning at the start and end of the programme, with immediate and 60-day follow-up evaluations.
After the programme
One year of access to the e-learning platform. Self-assessment of the skills acquired and a 30-day follow-up session with your trainer.
How to register
Registration online or on the basis of a quotation.
Lead time
11 working days after confirmation of registration.
Accessibility
Accessible to people of determination. Contact our accessibility coordinator to design a suitable solution: contact@mpf-academy.ae
Start dates
Rolling intake: in addition to the scheduled sessions, this programme can start on request.