CFA Level 2: Fixed Income Part 1 – Introduction- This tutorial is the first in two parts covering fixed income. The objective of these sessions is t...
COURSE
Fixed Income Part 1
- Credit Risk to Investors: Three Types - **Default Risk:** The risk that a borrower fails to make ...
- “Junk” bonds are a special segment of the corporate debt universe. High yield bonds, also called non...
- An asset-backed security is a security whose price and income is derived from a specific pool of und...
- Two general types of municipal [bonds](https://financetrain.com/c/49) (or “munis” as they are common...
- Sovereign debt is debt issued by foreign governments. Sovereign debt is unique because analysts and...
- - **Term Structure of Interest Rates:** The [term structure of interest rates](https://financetrai...
- ## Parallel Shift Rates across the maturity spectrum change by a constant amount and the slope of t...
- Zero coupon U.S. Treasuries have historically seen their returns driven by the following: - **Int...
- The Treasury bond [yield curve](https://financetrain.com/understanding-yield-curve/) can be built fr...
- - The London Inter-bank Offered Rate (LIBOR) is the U.S. dollar borrowing rate for high quality ba...
- The shape of the yield curve has two major theories, one of which has three variations. - **Marke...
- Effective [duration](https://financetrain.com/bond-duration-and-convexity-simplified-part-1-of-2/) c...
- - **Step 1:** Calculate yield change ratios as follows: YCR t = r t / r t-1 The yield cha...
- - Whereas stocks have their ratio comparables with similar companies and certain indexes, bonds ha...
- ## The Binomial Interest Rate Tree An issuer's bonds can be valued with a binomial interest rate tr...
- Some common momentum indicators include: - **Convertible Security:** Debt security that can be co...
LESSONS
Principles of Credit Analysis
High Yield Corporate Debt (aka Junk bonds)
Analyzing Credit of Asset Backed Securities
Analyzing Credit of Municipal Bonds
Sovereign Debt
Three Shapes of the Yield Curve
Parallel and Non-parallel Shifts in Yield Curve
Factors Driving Treasury Investment Returns and Bo...
Yield Curve Construction with Treasuries
LIBOR Swap Rate Curve
Theories of the Term Structure of Interest Rates
Key Rate Duration
How to Calculate Interest Rate Volatility?
Benchmark Yield Spreads
Valuing an Option Embedded Bond using Binomial Int...
How to Price Convertible Bonds?
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