This Fixed Income course is designed for CFA® Level I candidates and finance professionals seeking a deep understanding of fixed income securities and markets. Beginning with fixed income instrument features and cash flows, the course explores various bond types, pricing, valuation methods, and yield measures. Learners will study interest rate risk, duration, and convexity to understand how market fluctuations affect bond prices and returns.
The course also covers the term structure of interest rates, yield spreads for floating and fixed rate bonds, and curve-based empirical risk measures. Credit analysis is explored for both corporate and government issuers, providing insights into assessing creditworthiness and managing risk. Additionally, securitization instruments such as Asset-Backed Securities (ABS) and Mortgage-Backed Securities (MBS) are explained, along with their market functions and valuation. Practical coverage of fixed income markets, issuance, and trading gives learners a realistic view of how bonds are issued, priced, and traded globally. By the end of this course, students will have a strong foundation in fixed income analysis, valuation, and risk management, preparing them for the CFA® Level I exam and real-world investment decisions.
