Cfa Level 1 Complete Fixed Income

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Deep dive into Fixed Income with the Bestselling CFA® prep course provider | With visual learning + Quizzes

Last updated 2022-01-10 | 4.6

- Understand the elements that define and characterise fixed-income securities
- Know what to look out for when investing in a bond
- Understand the legal
- regulatory and tax framework bonds operate under

What you'll learn

Understand the elements that define and characterise fixed-income securities
Know what to look out for when investing in a bond
Understand the legal
regulatory and tax framework bonds operate under
Know the various coupon payment types
Have an overview of global fixed income markets
Understand how bonds are issued in primary markets
and traded in secondary markets.
Examine government
corporate and structured finance bond market sectors.
Make basic bond valuations
Calculate and quote bond prices and yields
Understand what is yield spread.
Understand what is securitisation
and its benefits
Learn what is tranching
and the difference between credit tranching and time tranching
Understand how mortgage-backed securities (MBS) are structured
Learn what is a CDO
Understand and calculate bond duration (Macaulay
modified
approximate modified
effective and key-rate durations)
Make convexity adjustments to calculate change in price of a bond when its yield changes
Understand credit ratings and role of credit ratings agencies
Analyse the credit risk of a company

* Requirements

* Basic mathematics knowledge
* CFA Institute approved calculator
* Understand TVM and DCF concepts (from Quantitative methods)

Description

  • Understand the elements that define and characterise fixed-income securities
  • Know what to look out for when investing in a bond
  • Understand the legal, regulatory and tax framework bonds operate under
  • Know the various coupon payment types
  • Have an overview of global fixed income markets
  • Understand how bonds are issued in primary markets, and traded in secondary markets.
  • Examine government, corporate and structured finance bond market sectors.
  • Make basic bond valuations
  • Calculate and quote bond prices and yields
  • Understand what is yield spread.
  • Understand what is securitisation, and its benefits
  • Learn what is tranching, and the difference between credit tranching and time tranching
  • Understand how mortgage-backed securities (MBS) are structured
  • Learn what is a CDO
  • Understand and calculate bond duration (Macaulay, modified, approximate modified, effective and key-rate durations)
  • Make convexity adjustments to calculate change in price of a bond when its yield changes
  • Understand credit ratings and role of credit ratings agencies
  • Analyse the credit risk of a company

Course content

8 sections • 45 lectures

Introduction 2 lectures

How To Get The Most Out Of This Course Preview 03:40

Formulas, Definitions, Diagrams at your FINGERTIPS! Preview 00:46

Fixed Income Securities: Defining Elements 5 lectures

Basic Features of Fixed Income Securities Preview 10:14

Coupon Structures Preview 14:45

Legal, Regulatory and Tax Considerations Preview 23:26

Contingency Provisions Preview 16:42

Test Your Understanding Preview 00:09

Fixed-Income Markets: Issuance, Trading, and Funding 7 lectures

Overview of Global Fixed Income Markets Preview 12:57

Primary and Secondary Bond Markets Preview 08:55

Bonds from Government and Government-related Sectors Preview 09:26

Corporate Debt Preview 15:25

Structured Financial Instruments Preview 08:31

Short-Term Funding for Banks Preview 10:09

Test Your Understanding Preview 00:09

Introduction to Fixed-Income Valuation 6 lectures

Bond Prices and Time Value of Money Preview 15:06

Bond Prices: Quotes and Calculations Preview 14:56

Bond Yield Measures Preview 19:25

Maturity Structure of Interest Rates Preview 11:09

Yield Spreads Preview 09:11

Test Your Understanding Preview 00:09

Introduction to Asset-Backed Securities 7 lectures

How Securitisation Works Preview 10:04

Residential Mortgage Loans Preview 08:25

Residential Mortgage-Backed Securities Preview 19:42

Commercial Mortgage-Backed Securities Preview 07:46

Non-Mortgage Asset-Backed Securities Preview 05:42

Collateral Debt Obligations Preview 04:22

Test Your Understanding Preview 00:09

Understanding Fixed-Income Risk and Return 8 lectures

Sources of Return Preview 19:26

Macaulay Duration Preview 09:20

Modified Duration and Money Duration Preview 11:54

Approximate Modified Duration and Convexity Adjustment Preview 14:40

Effective Duration and Key Rate Duration Preview 09:39

Duration of a Bond Portfolio Preview 05:54

Factors that Influence Interest Rate Risks Preview 06:37

Test Your Understanding Preview 00:09

Fundamentals of Credit Analysis 9 lectures

Credit Risks Preview 03:49

Capital Structure and Seniority Rankings Preview 04:57

Credit Ratings and Ratings Agencies Preview 05:16

Corporate Credit Analysis Preview 08:55

Corporate Credit Analysis (Ratios) Preview 11:27

Credit Yields and Spreads Preview 04:40

Special Considerations of High Yield Credit Analysis Preview 11:44

Test Your Understanding Preview 00:09

Special Considerations of Sovereign and Non-Sovereign Credit Analysis Preview 05:40

BONUS: Further resources for your exam prep 1 lectures

BONUS: Further resources for your exam prep Preview 00:34