This course teaches an analytical process for interpreting spreads and making superior investment decisions.
The course looks at spreads as measures of expected loss, before addressing the analysis of credit spreads on bonds, including the standard measures. The option theoretic approach, covering the calculation and application of expected default frequencies, is explored, together with analysis of other market-implied measures and fair-value spreads (FVS).
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Gain insights into credit spreads so you can:
Understand the calculation of bond spreads (as shown on a Bloomberg yield and spread (YAS) page).
Analyze historic vs. market-implied risk measures.
Describe the calculation and use of market-implied measures.
Understand the value of FVS and their use in the investment process.
This is a sample only. Upon request, Moody’s Analytics shall provide an invitation letter for those attendees who require a visa. You can request the visa invitation letter via email to firstname.lastname@example.org only after your registration for the respective course is completed and the proof of payment is attached in the request email.