Quantitative Techniques for Debt Management (QDM)
This course, presented by the Monetary and Capital Markets Department, aims to build capacity on key quantitative concepts in fixed income for debt managers, and for undertaking debt management operations. It is designed to enable participants to improve their analysis of potential financing options and be able to evaluate the pricing of loans and securities. In addition, the course will help debt managers to understand relevant quantitative techniques in liability management operations, and options for developing and publishing yield curves when pursuing a benchmark issuance strategy.
Target Audience
Officials from finance ministries, treasury departments, debt management offices, and central banks.
Qualifications
Participants are expected to have a degree in economics or finance, or equivalent experience, as well as at least two years of working experience in debt management.
Course Objectives
Upon completion of this course, participants should be able to:
Understand the characteristics of different debt management instruments in terms of their cashflows and be able to calculate price, yield, modified duration, and other metrics.
Understand the difference between forward, spot and par yields and be able to build basic yield curves using fitting techniques in Excel.
Understand how to actively manage the redemption profile with debt buybacks, reverse and switch auctions, including the pricing mechanics of such operations.
Demonstrate a knowledge of other relevant financial instruments for a debt manager, including repo, interest rate and exchange rate swaps.
Monetary and Financial Statistics (MFSX)
English | October 15, 2024 - December 17, 2024 | Online Training | Course conducted online
Apply online by November 22, 2024
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Apply online by November 22, 2024
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English (French, Portuguese) | January 13-17, 2025 | In-person Training | Ebene, Mauritius
Apply online by November 22, 2024
Managing Capital Flows: Macroeconomic Analysis and Policies (MCF)
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Apply online by November 22, 2024
Building Institutions to Fight Corruption (BIFC)
English (Russian) | March 3-7, 2025 | In-person Training | Vienna, Austria
Apply online by November 24, 2024