COMM 371 Lecture 3. Bond Prices and Yields(4) - Investment Theory COMM 371 Lecture III Bond Prices and Fixed Income Securities Dr Farid Novin What are

COMM 371 Lecture 3. Bond Prices and Yields(4) - Investment...

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Investment Theory COMM 371 Lecture III Bond Prices, and Fixed Income Securities Dr. Farid Novin
Investment Theory, COMM 371, Dr. Farid Novin Lecture III Outline What are fixed-income securities? Why corporations and governments issue bonds outside of Canada? What is a bond?
Investment Theory, COMM 371, Dr. Farid Novin Lecture III Outline Bond Prices and Yields Treasury issues Canadian Treasury Bills US Treasury Securities Treasury strips. The Yield Curve: the Term Structure of Interest Rates Yield Curve and Bond Pricing Valuing Coupon Bonds Calculating the yield to maturity on the bond
Investment Theory, COMM 371, Dr. Farid Novin What are fixed-income securities?
Simplified Risk and Return Profile by Asset Class For illustration only. Diagram is not to scale or intended to be comprehensive. Debt securities are bolded in blue. Source: OSC
The Canadian Fixed Income Market-2014 $322 $1,556 $468 $61 $2,407 $0 $500 $1,000 $1,500 $2,000 $2,500 $3,000 Money Market Govt. Bonds Corp. Bonds Foreign/ Other Bonds Total DEBT ISSUED IN CANADA $BILLION $3.80 $151 $493 $647.80 $0.00 $100.00 $200.00 $300.00 $400.00 $500.00 $600.00 $700.00 Money Market Govt Bonds Corp. Bonds Total DEBT ISSUED OUTSIDE CANADA $BILLION
The Canadian Fixed Income Market Domestic Long-Term Debt by Issuer ($2T total) Provlncial 25% Govt. of Canada 23% Term Securitizations 23% Domestic Corp. 23% Foreign Corop/Other 3% Municipal 3%

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