Interest Rates and Fixed Income Markets
Theory and practice behind corporate and government bonds.
Coming soon
Starts in:
  • – – Days
  • – – Hours
  • – – Min
  • – – Sec
Course category:
2 days
6 hours/day
Class size:
25 students
An exciting training course created for those interested in interest rate markets.

In our two-day training you will explore the fascinating world of fixed income securities and interest rate markets. We will start by reviewing the basic building blocks of yield curves and bond math and build our way up to interest rate swaps and credit derivatives.

There are no prerequisites for this course – even though some basic understanding of financial markets would be helpful, it is not required.

What will you learn?
By the end of the course, you will:
  1. Gain a solid understanding of fixed income markets, its major players and various interest rate products.
  2. Be able to confidently explain how interest rates impact the global financial markets.
  3. Appreciate the specifics of government bonds and corporate debt.
  4. Find out what the bond market can tell us about inflation expectations.
  5. Explore the relationships between interest rates, credit spreads and economic cycles.
  6. Learn about the crucial importance of interbank and overnight markets.
  7. Recognize how compounding frequency impacts the total interest earned.
  8. Develop an intuitive and mathematical understanding of bond duration and convexity.
  9. Discover what role Central Banks play in fixed income and global markets.
  10. Learn how Credit Default Swaps can be used to protect against bond defaults.
And much more!
Who is the course for?
  • Private traders and investors, looking to learn about bonds and interest rate markets.
  • Professionals within the financial industry or those providing services to the financial sector.
  • Professionals performing financial functions in non-financial industries, such as corporate treasury, accounting, and investor relations.
  • Students, preparing for an upcoming internship or starting their careers in finance.
  • Anyone working in or looking to understand fixed income markets.
Who is teaching the course?

Sergei Perfiliev

  • Active trader specializing in equity derivatives and volatility trading.
  • Former Goldman Sachs Quantitative Analyst.
  • Working in finance since 2008.
  • Professional career includes Nomura, Bloomberg and Goldman Sachs.
  • Cross asset-class experience covering Equities, Fixed Income, FX and Commodities.
  • Teaching financial courses since 2013.
  • Holds Masters of Engineering from Imperial College London.
  • Holds Masters of Science in Mathematical Finance from University of Oxford.
Course Content:
Day 1
  1. Investing in a Bond (James Bond):
    • Discounting and compounding.
    • Equity vs debt financing.
    • Bond math.
    • Zero-coupon, fixed-coupon and floating-coupon bonds.
    • Yield to maturity (YTM).
  2. Fixed Income Market Conventions:
    • Quotation and market standards.
    • Clean and dirty pricing.
    • Day-count conventions.
    • Credit ratings and rating agencies.
    • Real vs nominal yields.
    • Bonds in a portfolio.
  3. Government and Sovereign Debt:
    • Overview of sovereign debt.
    • Government bond risks.
    • Bond auctions and results.
    • Constant maturity yield.
    • Inflation-protected bonds.
    • Break-even inflation.
  4. International Money Markets:
    • Bills, CPs and deposits.
    • Interbank market.
    • Benchmarks and reference rates.
    • Eurodollars.
    • Central bank rates.
    • Repos.
Day 2
  1. Yield Curves:
    • Term structure of interest rates.
    • Theories behind the yield curve.
    • Impact of interest rates on an economy.
    • Yield curve shapes and economic cycles.
    • Strategies and trades.
  2. Corporate Bonds:
    • Corporate bond risks.
    • Redemption types and bond features.
    • Convertible bonds.
    • Credit spreads and their dynamics.
    • Credit cycles.
  3. Duration and Convexity:
    • Price-yield curve.
    • Macaulay duration.
    • Modified duration.
    • Long and short duration assets.
    • Convexity and its implications.
  4. Fixed Income Derivatives:
    • Bond futures.
    • Interest rate caps and floors.
    • Interest rate swaps.
    • Comparative advantage theory.
    • Cross-currency swaps.
    • Credit default swaps (CDS).
What’s the format?
Dynamic in-class lectures.
Practical assignments and exercises.
Interactive demos and examples.
Challenging quizzes and tests.
Next available dates and pricing:
Interest Rates and Fixed Income Markets
  • Course category:
  • Location:
  • Duration:
    2 days
  • Class size:
    25 students
Date to be confirmed
Coming soon
What will you get upon completion?
  • Formal completion certificate.
  • Course notes and materials.
  • Follow-up support – ability to ask questions and seek further clarification, if needed.
  • 20% OFF any future courses you wish to attend.
What our training participants say?
Financial Software Developer
"An excellent presenter and an enjoyable course, complex material presented in an approachable fashion."
Accounts Manager
“Sergei led various financial trainings and I really enjoyed his teaching style and dedication to his students. He always made sure students were engaged and understood the topic before moving on. I would recommend Sergei for his professionalism and deep knowledge.”
Financial Sales
“Sergei is a very good teacher, and is able to explain clearly complex concepts. I felt his course was time well spent.”
Financial Sales
“As part of a financial training program, Sergei equipped me with the knowledge that I am still benefiting from seven years later. He has an ability to deliver complex subject material in a digestible way.”
Account Executive
“Sergei held one of the best training sessions on equity derivatives at the onset of my career in finance. He was able to put together a fully comprehensive and detailed yet digestible programme. His strength is delivering complex concepts in a simplified and engaging manner.”
Financial Software Engineer
“Sergei taught me statistics in the context of equity asset prices and he managed to help me finally connect the maths to the real life applications of it. He's very practical and effective in helping you understand hard concepts.”
Head of Pricing
“Sergei has a dynamic approach to teaching and his ability to breakdown complex commercial concepts makes learning easy and memorable. I still remember his enthusiasm after 7 years and always happy to learn from him.”
Software Engineer
“I attended Sergei's derivatives training a few years ago. Sergei clearly explained what they are, the motivation behind them and how they're traded in concrete terms. After the training I had a solid understandings on the topic and I would recommend Sergei's training.”
Data Analyst
“Amazing training! Sergei does a great job at explaining the concepts using simple analogies which makes the complex world of finance very clear.”
Investment Professional
“Sergei is one of the best instructors I have ever met. He understands people learn in different ways and can adjust his teaching style. I would highly recommend him, especially when you are trying to learn something complicated or you want to learn something quickly.”
Quantitative Developer
“Sergei's sessions were great! He always made them engaging and fun.”
Machine Learning Engineer
“Sergei’s lucid explanations helped me get a deeper grasp of the concepts I was grappling with, whilst giving me a new perspective on the material. I credit him with getting me up to speed when I needed it most.”
Frequently Asked Questions:
At what times will the course take place?

We do our best to accommodate different time zones and appreciate that some students have to either wake up very early or stay very late in order to attend.

The times for this course are going to be:
PST: 05:00 – 12:00
EST: 08:00 – 15:00
UTC: 12:00 – 19:00
BST: 13:00 – 20:00
SGT: 20:00 – 03:00

There is an hour break in-between, for a total of six teaching hours per day.

What payment methods do you accept?

We accept all major credit and debit cards, and PayPal.

How can I get a 20% discount for my next training course?

You will receive this by email after completion of any of our classes.

What if I need to cancel my booking?

You can cancel your booking and receive a full refund up to one month in advance of the course start date.

If you made a booking for a seminar that starts in less than one month, you can cancel for a full refund within the 14 days of making the booking.

In case if we are unable to deliver a course in a physical classroom and had to move it online due to COVID-19, you can also cancel and request a full refund if you don’t want to attend the course virtually.

Are there any pre-requisites in order to attend this course?

There are no prerequisites for this course – even though some basic understanding of financial markets would be helpful, it is not required!

Will I become a rich and successful trader after attending this course?

Trading profitably and consistently is not trivial, and like with any other skill, it requires a lot of studying, hard-work, dedication and persistence in order to master.

Our “Fixed Income Markets” training course is an excellent starting point, but definitely not sufficient in order to start trading fixed income markets profitably.

Want to run this training in-house?

Get in touch!

All our training courses can be tailored to your company needs and requirements.

Feel free to call us on +44 207 459 4445 or email and we’d be happy to help.

Learn more