Level I CFA® Prep Course 2023 Fixed Income

Deep dive into Fixed Income with the Bestselling CFA® prep course provider | With visual learning + Quizzes
Level I CFA® Prep Course 2023 Fixed Income
File Size :
2.61 GB
Total length :
6h 36m



PrepNuggets | by Keith Tan, CFA


Last update

Last updated 11/2022



Level I CFA® Prep Course 2023 Fixed Income

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

Level I CFA® Prep Course 2023 Fixed Income


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


Bestselling and Highest Rated CFA® courses on Udemy!(for 2023 CFA® Level I exam)The CFA® program is rewarding but gruelling. The majority of candidates fail the exam. In order to pass, you are going to need much more than summaries or crash courses. But we can fully empathise if you feel the curriculum is too lengthy and too difficult given your busy schedule.That is why we have crafted for you this complete series of 10 courses covering all 10 topics of the CFA® curriculum. These courses are not superficial summaries, but a detailed and concise coverage of the curriculum for each topic area.We keep our videos short so as to help you follow the Pareto Principle. We believe that if you put in the optimal 20% effort using the right approach, you can potentially achieve 80% of the results!The PrepNuggets approach is to condense pertinent material from the curriculum to easily digestible nuggets for you to consume during your pockets of free time. Each nugget is painstakingly crafted to explain really complex concepts using engaging illustrations and animations. No more wading through pages and pages of words, or sitting through long boring lessons with bullet-point slides.By the end of this course, we are confident you will be able to comfortably handle at least 80% of the questions under this topic area.Don’t take our word for it! Hear what some of our students have to say:”This is an INCREDIBLY useful course for visual learners. The concepts are clear and concise. You will begin to see the relationships between concepts as you progress. Excited for the rest of this course and the other courses in the rest of the series.” – Andrew Bachman”One of the best courses I’ve seen, if not the best. Prepnuggets staff know how to pass on knowledge, both by visualization and by verbal explanations. Excited to finish this course and continue to other courses.” – Lidor SigronTake action now! It is never too early or too late to start preparing. Join thousands of CFA candidates worldwide in making us your preferred prep companion!———NOTE: This course is part of a complete series of 10 courses that fully cover all 10 topics for CFA® Level I. We recommend you begin your exam preparation with our Quantitative Methods course. For our full catalog of courses, look for our instructor profile down below and click on the PrepNuggets logo.REQUIRED DISCLAIMER: CFA Institute does not endorse, promote, or warrant the accuracy or quality of the products or services offered by PrepNuggets or Udemy. CFA Institute, CFA®, and Chartered Financial Analyst® are trademarks owned by CFA Institute.


Section 1: Introduction

Lecture 1 How To Get The Most Out Of This Course

Lecture 2 Formulas, Definitions, Diagrams at your FINGERTIPS!

Section 2: Fixed Income Securities: Defining Elements

Lecture 3 Basic Features of Fixed Income Securities

Lecture 4 Coupon Structures

Lecture 5 Legal, Regulatory and Tax Considerations

Lecture 6 Contingency Provisions

Lecture 7 Test Your Understanding

Section 3: Fixed-Income Markets: Issuance, Trading, and Funding

Lecture 8 Overview of Global Fixed Income Markets

Lecture 9 Primary and Secondary Bond Markets

Lecture 10 Bonds from Government and Government-related Sectors

Lecture 11 Corporate Debt

Lecture 12 Structured Financial Instruments

Lecture 13 Short-Term Funding for Banks

Lecture 14 Test Your Understanding

Section 4: Introduction to Fixed-Income Valuation

Lecture 15 Bond Prices and Time Value of Money

Lecture 16 Bond Prices: Quotes and Calculations

Lecture 17 Bond Yield Measures

Lecture 18 Maturity Structure of Interest Rates

Lecture 19 Yield Spreads

Lecture 20 Test Your Understanding

Section 5: Introduction to Asset-Backed Securities

Lecture 21 How Securitisation Works

Lecture 22 Residential Mortgage Loans

Lecture 23 Residential Mortgage-Backed Securities

Lecture 24 Commercial Mortgage-Backed Securities

Lecture 25 Non-Mortgage Asset-Backed Securities

Lecture 26 Collateral Debt Obligations

Lecture 27 Test Your Understanding

Section 6: Understanding Fixed-Income Risk and Return

Lecture 28 Sources of Return

Lecture 29 Macaulay Duration

Lecture 30 Modified Duration and Money Duration

Lecture 31 Approximate Modified Duration and Convexity Adjustment

Lecture 32 Effective Duration and Key Rate Duration

Lecture 33 Duration of a Bond Portfolio

Lecture 34 Factors that Influence Interest Rate Risks

Lecture 35 Test Your Understanding

Section 7: Fundamentals of Credit Analysis

Lecture 36 Credit Risks

Lecture 37 Capital Structure and Seniority Rankings

Lecture 38 Credit Ratings and Ratings Agencies

Lecture 39 Corporate Credit Analysis

Lecture 40 Corporate Credit Analysis (Ratios)

Lecture 41 Credit Yields and Spreads

Lecture 42 Special Considerations of High Yield Credit Analysis

Lecture 43 Special Considerations of Sovereign and Non-Sovereign Credit Analysis

Lecture 44 Test Your Understanding

Section 8: BONUS: Further resources for your exam prep

Lecture 45 BONUS: Further resources for your exam prep

This course is for CFA Level 1 Candidates,This course is for people who are interested in the CFA Program

Course Information:

Udemy | English | 6h 36m | 2.61 GB
Created by: PrepNuggets | by Keith Tan, CFA

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