Government Securities, Fixed Income and Money Market Investment for Recovered Asset Funds

Course overview

For most recovered asset funds in the region, government securities and money market instruments are the backbone of the portfolio: they protect capital, provide liquidity and earn a return. Yet staff are often unsure how auctions work, how bond prices respond to interest rates or how to compare instruments. This government securities investment course gives them that knowledge in a practical form.

Participants learn how treasury bills and bonds are issued and traded in East African markets, including primary auctions, secondary trading and central bank systems, and what infrastructure and green bonds offer. They study pricing and yield, duration and interest rate risk, credit risk of corporate and quasi-government issuers, and the role of money market funds, deposits and repurchase agreements. Practical exercises cover bidding in auctions, building a bond ladder, calculating yields and tax effects, and monitoring a fixed income portfolio. Settlement, custody and record keeping complete the week.

Participants leave able to invest recovered funds in fixed income and money market instruments with confidence and sound controls.

What you will be able to do

• Explain how government securities are issued and traded in regional markets
• Price bonds and calculate yields
• Measure duration and interest rate risk
• Assess the credit risk of non-government issuers
• Use money market instruments for liquidity and return
• Build and monitor a fixed income portfolio

Who should attend

For investment and treasury staff of recovered asset funds, public bodies and similar institutional investors.

• Investment officers
• Treasury officers
• Fund managers
• Finance officers in public bodies
• Pension and trust fund officers
• Investment committee members

Course outline

Fees are per participant in US dollars and cover tuition, course materials and your certificate. Travel and accommodation are not included.