澳门六合彩开奖记录

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IC314: Bond and Money Markets

澳门六合彩开奖记录

IC314: Bond and Money Markets

Module code: IC314

Module provider: ICMA Centre; Henley Business School

Credits: 20

Level: 6

When you'll be taught: Semester 1

Module convenor: Dr Ivan Sangiorgi, email: ivan.sangiorgi@icmacentre.ac.uk

Pre-requisite module(s): BEFORE TAKING THIS MODULE YOU MUST ( TAKE IC212 (Compulsory)

Co-requisite module(s):

Pre-requisite or Co-requisite module(s):

Module(s) excluded:

Placement information: na

Academic year: 2024/5

Available to visiting students: Yes

Talis reading list: No

Last updated: 19 November 2024

Overview

Module aims and purpose

Bond and Money Markets module explores the economic drivers and relationships between bond, money markets and central bank monetary policies, and the impact of key economic drivers on the pricing, trading strategies and portfolio management for bonds and money market instruments. Students will gain an understanding of how these connections affect interest rates, trading positions, portfolio management strategies, funding liquidity management, and the challenges faced by bond issuers, investors, and policy makers. The course covers the overall functions, pricing, structure and operation of bond and money markets. Additionally, the module will help students develop mentoring and coaching skills, personal effectiveness, action planning and career decision-making skills.聽聽

The main aims of the module are to provide the tools for understanding the functioning and pricing of money markets, their connection with bond markets and central bank interventions, the fundamental determinants of interest rate markets, the commonly used trading strategies, and portfolio management strategies.聽The module aims to supplement quantitative skills with the knowledge of the economics of bond and money markets necessary to design trading strategies, construct and manage portfolios of bonds and money market instruments.

Module learning outcomes

By the end of the module, it is expected that students will be able to:

  • define the main aspects of the economic theories of the determination of interest rates, money market rates, bond yields and their interlinkages with central bank monetary policy operations.
  • evaluate economic situations to determine the likely implications for bonds and money market instruments, with real-world examples taken from a variety of bond and money markets across the world.
  • explain and apply common trading strategies and portfolio management strategies of bond and money markets, and the key features of funding liquidity management.
  • write an actionable career development plan.聽

Module content

  1. The economics of bond, money markets and interest rates.聽
  2. Central bank monetary policy operations and quantitative easing.
  3. Pricing and trading of money market instruments, repos, and bonds, and derivatives.
  4. Yield curve trading strategies.聽
  5. Pricing and trading of corporate bonds, with a focus on green, social and sustainability bonds and loans.
  6. Bond portfolio management strategies, bond portfolio construction, and liability-driven strategies.
  7. The impact of regulation on bonds, money markets, and funding liquidity management.聽
  8. The module also encourages the student to use Bloomberg for practical real-world examples.聽

Additional topics in terms of career development:聽

  • Introduction to SMART goal setting, coaching, and the GROW model聽and their use in career action planning聽
  • Group coaching practice聽

Structure

Teaching and learning methods

Lectures will be used to explain core theory and concepts discussed in the course.聽 The module鈥檚 delivery follows a practice centred approach and extensively utilises Bloomberg and other financial data providers to gain a more in-depth understanding of certain topics. Seminars will be based around set questions and preparation for examinations. Interactive workshops where students will participate in experiential learning, followed by some input from the facilitator and be signposted to further resources should they wish to continue to develop their knowledge in these areas.聽

Study hours

At least 36 hours of scheduled teaching and learning activities will be delivered in person, with the remaining hours for scheduled and self-scheduled teaching and learning activities delivered either in person or online. You will receive further details about how these hours will be delivered before the start of the module.


聽Scheduled teaching and learning activities 聽Semester 1 聽Semester 2 听厂耻尘尘别谤
Lectures 20
Seminars 8
Tutorials 8
Project Supervision
Demonstrations
Practical classes and workshops
Supervised time in studio / workshop
Scheduled revision sessions
Feedback meetings with staff
Fieldwork
External visits
Work-based learning


聽Self-scheduled teaching and learning activities 聽Semester 1 聽Semester 2 听厂耻尘尘别谤
Directed viewing of video materials/screencasts
Participation in discussion boards/other discussions 5
Feedback meetings with staff
Other 10
Other (details)


聽Placement and study abroad 聽Semester 1 聽Semester 2 听厂耻尘尘别谤
Placement
Study abroad

Please note that the hours listed above are for guidance purposes only.

聽Independent study hours 聽Semester 1 聽Semester 2 听厂耻尘尘别谤
Independent study hours 149

Please note the independent study hours above are notional numbers of hours; each student will approach studying in different ways. We would advise you to reflect on your learning and the number of hours you are allocating to these tasks.

Semester 1 The hours in this column may include hours during the Christmas holiday period.

Semester 2 The hours in this column may include hours during the Easter holiday period.

Summer The hours in this column will take place during the summer holidays and may be at the start and/or end of the module.

Assessment

Requirements for a pass

40%

Summative assessment

Type of assessment Detail of assessment % contribution towards module mark Size of assessment Submission date Additional information
In-class test administered by School/Dept Online Multiple-Choice Test 20 1 hour Semester 1 Week 11-12 Teaching Multiple Choice Test
Written coursework assignment Career Action Plan 10 1,000 words Semester 1 Week 9-10 Teaching Submission of a career action plan
Written coursework assignment Individual Project 70 3,000 words Semester 1 Week 2 Assessment Period Individual Project: report and separate Excel file with supporting calculations. Students will be required to submit an individual project on trading strategies and portfolio management strategies in bond and money markets

Penalties for late submission of summative assessment

The Support Centres will apply the following penalties for work submitted late:

Assessments with numerical marks

  • where the piece of work is submitted after the original deadline (or any formally agreed extension to the deadline): 10% of the total marks available for that piece of work will be deducted from the mark for each working day (or part thereof) following the deadline up to a total of three working days;
  • the mark awarded due to the imposition of the penalty shall not fall below the threshold pass mark, namely 40% in the case of modules at Levels 4-6 (i.e. undergraduate modules for Parts 1-3) and 50% in the case of Level 7 modules offered as part of an Integrated Masters or taught postgraduate degree programme;
  • where the piece of work is awarded a mark below the threshold pass mark prior to any penalty being imposed, and is submitted up to three working days after the original deadline (or any formally agreed extension to the deadline), no penalty shall be imposed;
  • where the piece of work is submitted more than three working days after the original deadline (or any formally agreed extension to the deadline): a mark of zero will be recorded.

Assessments marked Pass/Fail

  • where the piece of work is submitted within three working days of the deadline (or any formally agreed extension of the deadline): no penalty will be applied;
  • where the piece of work is submitted more than three working days after the original deadline (or any formally agreed extension of the deadline): a grade of Fail will be awarded.

The University policy statement on penalties for late submission can be found at: /cqsd/-/media/project/functions/cqsd/documents/qap/penaltiesforlatesubmission.pdf

You are strongly advised to ensure that coursework is submitted by the relevant deadline. You should note that it is advisable to submit work in an unfinished state rather than to fail to submit any work.

Formative assessment

Formative assessment is any task or activity which creates feedback (or feedforward) for you about your learning, but which does not contribute towards your overall module mark.

Question sets discussed during the seminars with feedback provided during those seminars and on Blackboard. Non-graded quizzes during lectures or available on Blackboard help students to receive formative feedback and prepare for their summative assessment. Self and peer evaluation of coaching performance and career action plan are used as part of the career workshops and activities.

Reassessment

Type of reassessment Detail of reassessment % contribution towards module mark Size of reassessment Submission date Additional information
Written coursework assignment Individual Project 100 3,000 words During the University resit period Individual Project: report and separate Excel file with supporting calculations. Students will be required to submit an individual project on trading strategies and portfolio management strategies in bond and money markets

Additional costs

Item Additional information Cost
Computers and devices with a particular specification
Printing and binding
Required textbooks Fabozzi, F.J. and Fabozzi, F.A, 'Bond Markets, Analysis, and Strategies, 10th ed.' MIT Press ISBN: 9780262046275 Arnold, G. 'Bond and Money Markets', Financial Times Guide, FT Publishing International ISBN: Circa 拢130; Circa 拢32
Specialist clothing, footwear, or headgear
Specialist equipment or materials
Travel, accommodation, and subsistence

THE INFORMATION CONTAINED IN THIS MODULE DESCRIPTION DOES NOT FORM ANY PART OF A STUDENT'S CONTRACT.

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