Credit Hours: 3
Bonds are issued by Sovereigns, Agencies, municipalities, and corporations. This module describes the basic US Treasury bond instruments (bills, notes, bonds, and inflation protection securities) and coupon and principal STRIPS; mortgage backed securities and collateralized mortgage obligations that are mainly issued by Federal agencies. A rich variety of bond instruments are issued by corporations (corporate bonds, medium-term notes, structured notes, commercial paper, negotiable CDs, and bankers acceptances, asset backed securities, and collateralized debt obligations). The distribution methods for placing bonds in the primary market and secondary markets are also outlined.