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FINC310 Fixed Income Security Analysis

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An introduction to the products, risks, valuation and portfolio management of fixed income securities.

This course covers the valuation of fixed income (interest) securities and derivatives and their uses in a portfolio construction and hedging.

Paper title Fixed Income Security Analysis
Paper code FINC310
Subject Finance
EFTS 0.15
Points 18 points
Teaching period Second Semester (On campus)
Domestic Tuition Fees (NZD) $872.70
International Tuition Fees (NZD) $4,405.05

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FINC 202 and (FINC 102 or FINQ 102 or QUAN 102)
Schedule C
Teaching staff

Dr Xinfeng (Edwin) Ruan

Teaching Arrangements

This paper is taught via lectures and tutorials.

Bond Markets, Analysis and Strategies (9th edition), by Frank J. Fabozzi, 2016, Pearson.
Course outline
View the course outline for FINC 310
Graduate Attributes Emphasised
Communication, Critical thinking, Self-motivation.
View more information about Otago's graduate attributes.
Learning Outcomes

Students who successfully complete this paper should be able to

  1. Understand the bond market and the subprime mortgage crisis
  2. Calculate residential mortgage repayments and the balance
  3. Price and analyse both option-free and option-embedded bonds
  4. Understand the interest rate models
  5. Price interest-rate derivatives, including options, futures and swaps

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Second Semester

Teaching method
This paper is taught On Campus
Learning management system


Stream Days Times Weeks
A1 Monday 15:00-15:50 28-34, 36-41
Wednesday 15:00-16:50 28-34, 36-41


Stream Days Times Weeks
Attend one stream from
A1 Tuesday 12:00-12:50 29-34, 36-41
A2 Tuesday 15:00-15:50 29-34, 36-41