FINM 35700

Credit Markets

Spring Quarter
Instructor: Alex Popovici

The course objective is to introduce students to mathematical modeling, pricing and trading strategies for credit instruments.

The course will cover:
- corporate and sovereign bonds
- credit default swaps (CDS) and credit default indices (CDX),
- fixed income ETFs,
- collateralized debt obligations (CDOs),
- mortgage and municipal bonds.

Real market data examples will be used for pricing and risk management. The students will have the opportunity to discuss various trading strategies with market practitioners, for a better insight into the "daily activity" of credit trading desks. A prerequisite for Credit Markets is FINM 37400 - Fixed Income.

This course counts towards the Trading and Risk concentration.