Description

Understand credit ratings and credit spreads, and how these are affected by shifts in the yield curve. As well as, specialist bond types such as puttable bonds, callable bonds, and contingent convertible bonds.

Learning Objectives

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1. Recall the functions of credit ratings and credit spreads.
2. Determine how credit ratings and credit spreads are affected by shifts in the yield curve.
3. Identify specialist bond types including callable bonds, puttable bonds, and contingent convertible bonds.