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Introduction to the Bond Market JSE

Introduction to Bond Market

TThe financial markets operates in a continuous cycle of moving cash between those who have surplus (the investors), and those who require funding (the borrowing side of the economy). Bonds form an integral part of this continuous cycle. This course explains what bonds are, who issues bonds and why, and the concept of the time value of money.


Module 1: An introduction

Topic 1: The financial system

Topic 2: Who issues bonds and why?

Topic 3: Who invests in bonds and why?

Topic 4: Primary, secondary markets and coupons

Topic 5: Price action of bonds in relation to its coupon VS current market rates

Topic 6: Types of bonds

Topic 7: Risk associated with bonds


Module 2: An introduction to interest rate calculations

Topic 1: Basic interest rate concepts

Topic 2: Present and future value

Topic 3: Annuity cash flows

Topic 4: Yields VS discounts

Topic 5: Calculating implied yield

Topic 6: Discount calculations

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Prerequisites

This is an introduction. anyone can do it.

Course Staff

Puso Fisher

Puso Fisher

In 2004, Puso joined Standard Bank’s Corporate and Investment Banking Division (Global Markets) as training manager where she founded the Global Markets internship programme. Puso was instrumental in the skills development initiative for external customers, aimed at increasing financial instrument sales penetration. In 2005 Puso moved into the structuring and trading of financial instruments within Standard Bank gaining exposure to Money Market instruments, credit derivatives, foreign exchange derivatives and portfolio management. Puso holds an MBA from the Gordon institute of Business)

Frequently Asked Questions

Do I need to buy a textbook?

Notes are provided on JSE Learn Site.

  1. Course Number

    JSE103
  2. Classes Start

    Jan 16, 2015