This module explores the mathematical foundation of bond pricing and interest rate sensitivity. Learners examine the inverse relationship between yield and price, apply duration and convexity concepts, and interpret measures such as DV01 and Modified Duration. The module also introduces bond cash flow modeling and return calculation using tools like XIRR, enabling practical financial analysis of bond investments.

This module focuses on bond valuation mechanics and market conventions that govern pricing accuracy. Learners analyze day count conventions, zero-coupon instruments, discounted yield calculations, and accrued interest adjustments. The module provides practical insight into clean and dirty pricing, enabling accurate trade settlement and valuation in real-world bond markets.

This module advances into return measurement and pricing formulas used in professional fixed income analysis. Learners examine Yield to Maturity assumptions, bond pricing formulas, premium and discount valuation, and internal rate of return techniques including IRR and MIRR. The module strengthens analytical decision-making skills for evaluating bond investments under varying market conditions.

This module examines the term structure of interest rates and macroeconomic forces shaping bond markets. Learners explore spot rates, forward rates, yield curve dynamics, liquidity preference theory, and broader market expectations. The module connects mathematical rate structures to real-world economic drivers, enabling strategic fixed income decision-making.