• Program Tuition: $4,500 USD
• Program tuition includes course materials

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Program Overview

This course is intended for those who plan careers that may involve debt financing for their businesses or other investments, or involve trading or investing in debt instruments and their derivatives, including money-market instruments, government bonds, repurchase agreements, interest-rate swaps, mortgage-backed securities (MBS), corporate bonds, structured credit products, and credit derivatives.

We will emphasize institutional features of the markets, including trading, pricing, and hedging. There is a special focus on distressed debt. Most lectures will start with a cold-called student presentation of an un-graded short homework calculation.

There will also be a series of graded homework, an in-class mid-term, and about six graded ‘pop quizzes’ of 10 minutes or less.