Role of Financial Markets, Securities Traded in Financial Markets, Role of Financial Institutions, Credit Crisis and Financial Institutions, Interest Rate Structures, Actual yield differentials’ explanations, Estimating the appropriate yield, Integrating the theories of term structure, Bond Markets and Valuation of Bonds, Treasury and Federal Agency Bonds, Municipal bonds, Corporate bonds, Globalization of bond markets, Bond valuation process, Equity Markets, Private and public equity Initial public offerings , Market instruments and architecture, Information content of market indices, Stock Exchanges, Financial Futures Markets and Options Markets, Institutional trading of futures contracts, Structure of the future markets, Speculating in and hedging with interest rate futures, Risk of trading future contracts, Institutional use of options, How option trades are executed, Derivatives Markets, Types of Interest rate swaps, Risks of interest rate swaps, Foreign Exchange markets.