102-037-IO3 Bond Markets
Study program: | International Financial Management (B.Sc.) |
Academic level and semester: | Bachelor, 5th/7th semester |
ECTS credits/workload per semester: | 3 / 75 |
Contact hours per week/contact hours per semester: | 2 / 25 |
Type/Teaching method: | Lecture with exercises, assigned individual and group case studies based on current capital market data |
| Language of instruction: | English |
Frequency: | Every semester |
Lecturer: | Prof. Dr. Stefan Rostek |
Content: | This course introduces students to the fundamentals of bond analysis and bond portfolio management. Key topics include bond structures and cash flows, credit risk assessment, yield spreads, and the analysis of euro and foreign currency bonds. Students will apply sensitivity and scenario analysis, explore tax-efficient investment strategies, and develop decision-making skills for bond investments based on present value, yield-to-maturity, market rates, and securitization options. Throughout the course, students will independently monitor and assess developments in national and international bond markets and critically discuss current trends and investment strategies within the class. |
Textbooks: | • Maier, K. M.: Risiko-Management im Immobilien- und Finanzwesen, Frankfurt/M. • Steiner, M.; Bruns, C.: Wertpapier-Management, Stuttgart • Wiedemann, A.: Financial Engineering – Bewerten von Finanzinstrumenten, Frankfurt/M. • Schulte, Reinhold: Kursänderungsrisiken festverzinslicher Wertpapiere, Wiesbaden • Steinbrenner, H.-P.: Professionelle Optionsgeschäfte – Moderne Bewertungsmethoden richtig verstehen, Wien, Frankfurt/Main • Current economic press publications on bond markets |
Recommended for: | Undergraduates, graduates |
Prerequisites: | Background in Business, Economics, Finance (intermediate level) |
Restrictions: | None |
Assessment: | Written exam |