Fixed Income Portfolio Management Workbook: Duration, Credit, and Yield Curve Analysis

Fixed income analytics are calculation-intensive, and fluency comes from repetition. This workbook builds analytical fluency through structured numerical exercises, credit analysis worksheets, and yield curve positioning templates. By the end of this course you will be able to calculate the modified duration and convexity of a bond portfolio, assess the price impact of a specified yield shift, conduct a basic credit analysis using public bond data, and evaluate a portfolio's yield curve exposure using key rate duration. What you will learn: - Calculating modified duration for individual bonds and for a bond portfolio as a weighted average - Estimating the price change of a bond for a 25bp, 50bp, and 100bp yield change using duration and convexity - Building a yield curve positioning worksheet: comparing a portfolio's key rate duration profile to the benchmark - Analysing credit spreads: spread change impact on bond price and total return calculation - Conducting a basic credit analysis checklist: leverage ratios, interest coverage, and rating trajectory - Constructing an immunisation calculation: matching portfolio duration to a liability duration target - Evaluating a bond portfolio's effective yield, average credit quality, and duration in a portfolio summary template - Stress-testing a fixed income portfolio under three yield curve scenarios: parallel shift, steepening, and flattening Each module provides a worked numerical example followed by a blank template for practice. Stress-test templates are formatted to handle multiple scenarios simultaneously, giving you a clear picture of portfolio risk across rate environments. Checklists ensure you check key inputs before acting on analysis output. This course is designed for investment analysts, finance students, and portfolio managers who want to build practical fixed income analytical skills. A basic understanding of bond pricing is assumed. This content is purely educational and informational; it does not constitute financial advice.