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DEBT MARKETSSPRING 20169.00 TO 10.30

332 URIS HALL(MONDAYS AND WEDNESDAYS)

INSTRUCTOR: Suresh SundaresanOfce Location: 401 Uris HallOfce Phone: 212!"4442#$a%: 212#1&'1!0()ail: )s122*colu)+ia,eduOfce Hours: -onda.s #,00 to 4,00

T(/CHIN /SSIST/NT: T/

Pae 1o3 7

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REQUIRED OURSE MATERIAL

o Coies o3 slides5course readins5articles that 6ill +e distri+uted in class and

osted in Can7as,

REOMMENDED OURSE MATERIAL

o 8$i%edInco)e -ar9ets and Their eri7ati7es;< /cade)ic ress< Third (dition %!/# ! # '$"#, U6ard sloin .ield cur7e< and

in7erted .ield cur7e E in3or)ation a+out e%ansions and recessionseter)inants o3 ter) sreads,

"# %/"#-% !#" @$%%% ''#%, )easurin credit sreads ?///7ersus < CS sreads< etc,@< i)act o3 recessions on loss i7en de3aultustedSreads ?O/S@< and its +eha7ior in the -S )ar9ets,

o D#"-#%,

E$"!!-" $$"#% '!&"-'%.

I"#% R-# S*-/% (IRS),ho6 do co)anies use interest rate s6as

Ho6 are the. riced Counterart. credit ris9< collateral< and )ar9in to)ar9et, -iration o3 IRS 3ro) dealer )ar9ets to centrall. cleared e%chanes,

"# #-$ %*-/%4INDE (DS4D),Ho6 do CS 6or9 CS +asis E

3unded and un3unded ositions, Credit crisis and neati7e +asis, /licationso3 CS, Inde% roducts such as C and so)e structured credit roducts,

REOMMENDED TET,o 8$i%edInco)e -ar9ets and Their eri7ati7es;< /cade)ic ress< Third (dition< +.

Suresh Sundaresan,

OURSE OBCETI5ES

The urose o3 this course is to ro7ide a sound and co)rehensi7e 6or9in 9no6lede

o3 G%ed inco)e )ar9ets and their institutions, In addition to ro7idin the students 6ith

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a clear 9no6lede o3 institutions< ricin relationshi< alications and anal.tics< the

course 6ill hel the students to thin9 throuh )a>or issues 3acin in7estors< )ar9et

)a9ers< issuers< and reulators,

ASSIGNMENTS

There 6ill +e three Jui==es< 6hich 6ill +e assined as 3ollo6s:

o /t the end o3 session &,

o /t the end o3 session 12,

o /t the end o3 session 1!,

(ach Jui= 6ill last 3or #0 )inutes< and carr. Juestions testin .our understandino3 the )aterial co7ered in the re7ious sessions, Fui==es are closed +oo9 andclosed notes, Mou can +rin one ae o3 notes, (ach Jui= 6ill carr. 1" 6eiht,The Jui==es 6ill +e ad)inistered durin the Gnal #0 )inutes o3 the resecti7e

sessions,

Students 6ill +e e%ected to articiate resonsi+l. in class, Class articiation