CFA Level 1 notes · 11–14% of the exam
Fixed Income
CFA Level I Fixed Income notes. 19 readings, about 8 h 47 min.
Bond features, cash flows and markets; prices, yields and spreads; the term structure of interest rates; duration and convexity as measures of interest rate risk; credit analysis; and securitized debt such as asset-backed and mortgage-backed securities.
- 51Fixed-Income Instrument Features
- 52Fixed-Income Cash Flows and Types
- 53Fixed-Income Issuance and Trading
- 54Fixed-Income Markets for Corporate Issuers
- 55Fixed-Income Markets for Government Issuers
- 56Fixed-Income Bond Valuation: Prices and Yields
- 57Yield and Yield Spread Measures for Fixed-Rate Bonds
- 58Yield and Yield Spread Measures for Floating-Rate Instruments
- 59The Term Structure of Interest Rates: Spot, Par, and Forward Curves
- 60Interest Rate Risk and Return
- 61Yield-Based Bond Duration Measures and Properties
- 62Yield-Based Bond Convexity and Portfolio Properties
- 63Curve-Based and Empirical Fixed-Income Risk Measures
- 64Credit Risk
- 65Credit Analysis for Government Issuers
- 66Credit Analysis for Corporate Issuers
- 67Fixed-Income Securitization
- 68Asset-Backed Security (ABS) Instrument and Market Features
- 69Mortgage-Backed Security (MBS) Instrument and Market Features