Fixed Income Securities Essay Example for Free

Fixed Income Securities Essay Objectives: This course is intended to analyze the fixed income securities markets and its implications for investments. It will analyze the market characteristics, instruments, selling techniques, pricing and valuation issues, floating rate instruments, risk and return of fixed income securities, portfolio management techniques, term structure modeling, corporate debt and convertibles, bonds with embedded options, sub-national debt analysis, credit risk analysis, and interest rate risk management with swaps, options and futures. The course intends to cover the specific features of the Indian Fixed Income Securities Markets. The course will construct several Excel based techniques to analyze bond cashflows analytics. Course Structure: The course will include lectures, bond cash flows analysis, term paper assignments and class exercises. Contents: Lecture 1: Indian Fixed Income Markets, Institutional Arrangements, Market Participants and Instruments, Investors Perspectives, Market Conventions, Debt Management Monetary policies Lecture 2: Bond Valuation, Time Value of Money, Price and Yield Conventions, Bond Valuation using Yield Curve, Yield return, horizon return; Valuation of Repo Reverse Repo Lecture 3: Valuation of other Bonds: Floating Rate securities, Inflation index bonds, bonds with embedded options Lecture 4: Introduction to Bloomberg, Interpretations of Fixed Income Instruments using Bloomberg Templates, Understanding Market Quotes and Conventions Lecture 5: Corporate Bonds, Valuation, Implications for Rating Migration, Investment Grade and Low Rated Bonds, Valuation of Convertibles Lecture 6 7: Risk Identification in Bonds: Duration, Convexity, and Portfolio Immunization Lecture 8 : Yield Curve Analysis, Par Bootstrapping, Modeling YC using Nelson-Seigel and Spline Methods, Spot Forward rates, , Valuation of STRIPS Lecture 9: Term Structure of Interest Rates theories; Interest Rate Models (Cox-Ingersoll-Ross, Vasicek, HJM Model) Lecture 10: Government Securities Auction, Market Implications, WI Markets, Auction Primary Dealers Lecture 11: Auction Bidding: Game (students play bidding game and trade online in Computer Lab) Lecture 12: Bond Portfolio Construction Management; Bullet, Barbell Ladder Strategies, Construction of Bond Portfolio; Portfolio with Corporate Bonds Lecture 13, 14 15: Interest Rate Derivatives: FRAs, Swaps, Futures, Options, Eurodollar Futures, OIS(Overnight Index Swaps), OIS Trading Arbitrage Lecture 16: Bonds with embedded options, BDT Model(Modeling Interest Rate Tree) Lecture 17: Mortgage-Backed Securities, Prepayments, Option Adjusted Spreads(OAS) Lecture 18: Credit Derivatives, Valuation of Credit Default Swaps, Indian CDS Lecture 19 20: Assignment Discussions Presentations Other handouts: The course will provide several articles in debt and fixed income securities, circulars of RBI and FIMMDA, empirical techniques dealing with bond management, as well as my presentations, excel spreadsheet calculations, valuation templates from Bloomberg as well as web resources. Expectations: My expectation is that students work hard during the course, understand bond mathematics, how Indian bond market works and its implications on fixed income investing as an asset class, and portfolio implications for banks and financial institutions.

Eichmann, the Banality of Evil, and Thinking in Arendts Thought Essay

Eichmann, the Banality of Evil, and Thinking in Arendt's Thought* ABSTRACT: I analyze the ways in which the faculty of thinking can avoid evil action, taking into account Hannah Arendt's discussion regarding the banality of evil and thoughtlessness in connection with the Eichmann trial. I focus on the following question posed by Arendt: "Could the activity of thinking as such, the habit of examining and reflecting upon whatever happens to come to pass, regardless of specific content and quite independent of results, could this activity be of such a nature that it 'conditions' men against evildoing?" Examples of the connection between evildoing and thinking include the distinction between the commonplace and the banal, and the absence of the depth characteristic of banality and the necessity of thinking as the means for depth. I then focus upon Arendt's model thinker (Socrates) and argue that the faculty of thinking works to avoid evildoing by utilizing the Socratic principle of noncontradiction. "What is the subject of our thought? Experience! Nothing else!" (1) (Hannah Arendt) Eichmann in Jerusalem (2) was originated when Hannah Arendt went to Jerusalem in order to report, for The New Yorker, on the trial of Otto Adolf Eichmann, (3) who was acused of crimes against the Jewish people, crimes against humanity, and war crimes. The trial began in April 15, 1961. The New York Times had announced Eichmann's capture by Israeli agents in Argentina, in May 24, 1960. Israel and Argentina had discussed Eichmann's extradition to Israel, and the United Nations finally decided the legality of Jerusalem Trial. After the confirmation that Eichamnn was to be judged in Israel, Arendt asked The New Yorker's director, William Shamn, to ... ... (29) Ibid. (30) 'Ibid. (31) See, in this regard, TMC, p. 425. (32) TMC, p. 423. (33) LM p. 168. (34) LM., p. 180. (35) (Protagoras, 339c.) LM p.186. (36) The first part of the Morality Lectures 1995, given by Arendt at New School, was published as "Some Questions of Moral Philosophy." In Social Research, Vol. 61, No. 4 (Winter 1994), pp. 739-64. The other three parts remain unpublished as "Some Questions of Moral Philosophy". Morality Lectures 1965, New School for Social Research, Hannah Arendt's Papers, The Manuscript Division, Library of Congress, container 45. We will take the following systematic: 'Some Questions of Moral Philosophy I' for the part published and 'Some Questions of Moral Philosophy II' for the unpublished one. This quotation is in 'Some Questions of Moral Philosophy II' 024633. (37) Ibid., 024636. (38) LM., p. 193.

Poetry Essay

The poem described the speaker’s longing and hope for her happiness in life. As she raises everyday, she depicts life at its best to fulfill her joy and contentment even if she is alone. The four stanza poem discussed the character’s identity and idea towards joy and contentment in life. The speaker wants to convey to her readers that whatever circumstances they may have; it is a great start to thank God for a new day of life. The first stanza discussed the emotions of the speaker as she faces the new day. The second stanza discussed how she thanked her creator for the new beginning of challenges and happiness. The third stanza discussed how the speaker prayed for the people around her whether they are in the same race or not. The last stanza described how the earth is filled with gladness if equality and justice exist. The speaker described her prayer through this poem. It is a selfless desire to transform the earth into salvation and peace despite of all the injustices and social inequality. On the other way around, the title also described the wholeness of the poem. It serves as the identity and apparent illusion of the poem. The title of this poem showed the main idea of the poem as it reveals the attack of the poet. In conclusion to this, it can be said that the poem is too short to read and understand. The poem has simple thoughts to convey to its readers. The attack of the poet showed how prayer becomes powerful despite of all the troubles and fears of the society.

A Discussion of Disco Di - 1712 Words

Mental health is not the mere absence of illness but it is the sense of harmony and balance for the individual. Aspects associated with the individual include self-worth, sense of accomplishment, and a positive identity (Fontaine, 2009), where as mental illness is the disharmony someone is experiencing. This disharmony affects not only the individual but their friends and family as well as the surrounding community. This disharmony causes the person to be unable to function properly in many aspects of their life (Fontaine, 2009). Disco Di started to display signs of mental illness from the young age of 12. Her behaviours may have been triggered by a traumatic event and have been interfering with her life ever since. I agree with the†¦show more content†¦Further, Disco Di displayed an identity disturbance by counting calories and by binge eating and crash diets (Gunderson, 2011). Lastly, Disco Di displays affective instability through her every changing moods when she doesnà ¢â‚¬â„¢t get her way or when she is left at home. Disco Di further fits the diagnostics for MDD. Disco Di has experienced a major depressive episode with the following symptoms: recurrent thoughts of suicide accompanied by attempts, feelings of worthlessness, diminished pleasure in most activities, depressed mood for most days, and alternating increases and decreases of appetite (Comer, 2012). Further, Disco Di does not fit the requirements for a manic or hypo-manic episode, therefore she qualifies for the diagnosis of MDD (Comer, 2012). Tadic et al. (2009), concluded that 65% (drawn from a sample of 110 participants) of patients experience at least one co-morbid axis I disorder throughout their lifetime with a diagnosis of BPD. Research has shown that 65.5% of women diagnosed with BPD are also diagnosed with MDD (Tadic et al., 2009). I believe that Disco Di is experiencing a substance abuse disorder and an anxiety disorder as co-morbid disorders along with the above two disorders. Disco Di self administers 80 mg/day of valium where the recommended maximum is 0 mg/day (Skidmore-Roth, 2012). This together with her high rateShow MoreRelatedThe Lord Of Pop By Michael Jackson1637 Words   |  7 PagesAt the point when one considers fanciful specialists, it would shock no one that the names of Beethoven and Michael Jackson would emerge in the discussion. On one hand, you have the Lord of Pop, who is most generally known for his commitments to contemporary music and move everywhere throughout the world. While, on the other, you have an expert arranger and musician; a musical wonder from a youthful age. Both were masters in their privilege. 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