The document discusses various types of fixed income securities including bonds and money market instruments. It describes key bond terminology like coupon rate, maturity date, principal value, and cash flows. It also outlines the major players in the bond market like issuers, investors, brokers, dealers, and rating agencies. Finally, it provides an overview of how bonds are valued based on interest rates and yield calculations.

1. Fixed Income Markets Khader Shaik

5. Bond Market Structure Khader Shaik

8. Bond Ratings Credit Worth Moody’s S&P Fitch High credit worth Aaa –> Baa3 AAA –> BBB- AAA –> BBB- Lower credit worth Ba1 –> B3 BB+ B B+ -> B- Default or Risky Caa –> C CCC+ -> D CCC+ -> D

9. Bond Valuation/Pricing

13. Bond Quote - Example Simple Quote Symbol Rate Maturity Bid Ask Ask/yld AED 05 7 ¾ Feb 10 105:12 105:14 5.505 LTP ZR10 5 ¾ Feb 9 102:12 102:14 5.205

16. Treasury Securities Khader Shaik