British Columbia Institute of

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FMGT 7100 - Fixed Income Analysis

Financial Management Part-time Studies Course

School of Business + Media

To support you and your education, BCIT is adapting applied learning in formats appropriate to the unfolding global situation. All PTS classes are being delivered in an online format unless you are notified otherwise.

Course Details

This course presents the foundation for fixed income investments, one of the largest and fastest growing segments of global financial markets. Students begin with an introduction to basic features such as the time value of money and the characteristics of fixed income securities and their associated risks. We examine yields and spreads and the effect of monetary policy on financial markets, since these are the primary building blocks for mastering the analysis, valuation, and management of fixed income securities.


FMGT 7030



This course isn't currently offered through BCIT Part-time Studies. Please check back next term or subscribe to receive email updates.

Learning Outcomes

At the end of this course the student will be able to:

  • Assess the interest rate risk of a floating-rate security
  • Assess why a floating-rate security’s price may differ from par value
  • Compute and interpret the duration and dollar duration of a bond
  • Construct the steps in the bond valuation process
  • Select the types of bonds for which estimating the expected cash flows is difficult
  • Assess the value of a bond and the change in value that is attributable to a change in the discount rate
  • Evaluate the price volatility characteristics for option-free, callable, prepayable, and putable bonds when interest rates change
  • Interpret positive convexity, negative convexity, and their relation to bond price and yield
  • Compute and interpret the effective duration of a bond, given information about how the bond’s price will increase or decrease for given changes in interest rates
  • Compute the approximate percentage price change for a bond, given the bond’s effective duration and a specified change in yield

Effective as of Fall 2011

Related Programs

FMGT 7100 is offered as a part of the following programs:

School of Business + Media

  1. Financial Analyst
    Part-time   Advanced Certificate


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