Learners will evaluate option contracts, construct trading strategies, value bonds, interpret interest-rate relationships, and assess credit and mortgage risks. They will gain practical skills in analyzing payoffs, option sensitivities, fixed-income pricing, credit quality, and tools used to manage rate and currency exposure.

The course covers portfolio beta, forward pricing, foreign exchange risk, interest rate parity, option moneyness, Greeks, theta, spread strategies, box spreads, and combination strategies. It then develops fixed-income knowledge through risk-free rates, compounding, bond valuation, forward rate agreements, pricing conventions, foreign currency swaps, corporate bonds, credit ratings, mortgages, and mortgage pools. What makes this course unique is its combined treatment of portfolio pricing, options, interest-rate products, credit markets, and mortgage structures. Learners see how payoff design, time value, yield changes, and borrower creditworthiness affect financial decisions. This approach builds stronger security comparison, valuation, and risk assessment skills. The course supports careers in fixed-income analysis, options trading, treasury, credit analysis, portfolio management, and risk management.