Fixed income securities are those that nominally promise a fixed stream of payments. They include government and corporate long and short term debt issues that far exceed the amount of corporate stock issues, as well as long term personal debt (i.e.,home mortgages). Develops practical analytical tools for describing these securities, the markets where they are traded, and their purchase and management by financial intermediaries. Stresses the huge market for U.S. government debt, because it provides a foundation for the development of more specialized tools used in other markets. Prereq., MBAC 6060. Prerequisites: Restricted to Master of Business Admin (MBAD), MBA with Dual Degree (DMBA), Joint Juris Doctor/MBA (JMBA) or Professional MBA Program (PMBA) majors only.