Credits: 6

Schedule: 24.02.2020 - 06.04.2020

Teacher in charge (valid 01.08.2018-31.07.2020): 

Professor of Practice Antti Suhonen

Teaching Period (valid 01.08.2018-31.07.2020): 

IV (spring 2019) Otaniemi campus 

IV (spring 2020) Otaniemi campus

Learning Outcomes (valid 01.08.2018-31.07.2020): 

The objective of the course is to give students the key tools for analyzing, valuing and risk managing fixed income securities and derivatives, understanding the practical applications of such concepts, and being able to study current issues in the fixed income markets. The course will be useful to students interested in careers in banking, financial services, investment management, corporate financial management, or in the academia.

Content (valid 01.08.2018-31.07.2020): 

Topics discussed include the global fixed income market structure, valuation of key instruments traded in both government bond and credit markets including derivatives such as options, futures, swaps and structured products, interest rate risk management and modelling as well as the impact of macroeconomic events on fixed income markets. The course will cover theoretical models and concepts as well as practical applications and analysis.

Assessment Methods and Criteria (valid 01.08.2018-31.07.2020): 

Final exam (50%)
Assignments and cases (50%)

Study Material (valid 01.08.2018-31.07.2020): 

Tuckman, Serrat (2012) Fixed Income Securities: Tools for Today’s Markets, 3rd edition.


Course Homepage (valid 01.08.2018-31.07.2020): 

MyCourses 28E00900 Fixed Income

Grading Scale (valid 01.08.2018-31.07.2020): 


Registration for Courses (valid 01.08.2018-31.07.2020): 

Course registration via WebOodi. See the registration time in WebOodi.

For any registration related matter, please contact the department study coordinator.

Further Information (valid 01.08.2018-31.07.2020): 

A maximum of 70 students can be accepted to the course.

- Students at Aalto Finance M.Sc. programme (i.e. who have graduated as B.Sc.) will be guaranteed a seat on Finance M.Sc. courses. Finance M.Sc. students re-taking the course (grade already registered in WebOodi) will not be prioritized and can participate only if there are places remaining.

- CEMS students are similarly guaranteed a seat for Finance M.Sc. courses, which have been designated as CEMS courses.

Remaining seats are prioritized as follows, in the order of registration in WebOodi within one category:
1. Finance M.Sc. exchange students from other universities
2. Aalto Finance B.Sc. students with a finished B.Sc. thesis (registered in transcript of records)
3. All other M.Sc. students

Please follow carefully the registration deadlines of the courses and exams! Missing registration deadline automatically foregoes a guaranteed seat for Finance M.Sc. courses and puts prospective student at the bottom of the prioritization list.

Students may be required to confirm their registration by signing the participation list circulated during the first lecture.


Registration and further information