Build practical expertise in this cfa level 1 fixed income course and develop analytical skills to evaluate fixed income securities, pricing, and risk in real-world financial markets. You will learn how fixed income investments generate returns, manage risk, and support portfolio decisions using structured frameworks.
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推荐体验
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初级
Basic knowledge of finance concepts and time value of money is helpful, but no prior fixed income experience is required.
推荐体验
推荐体验
初级
Basic knowledge of finance concepts and time value of money is helpful, but no prior fixed income experience is required.
您将学到什么
Analyze fixed income securities using pricing models and market-based valuation frameworks
Evaluate bond investments using yield measures, spreads, and return calculations
Apply interest rate risk tools like duration and convexity to assess bond sensitivity
Assess credit risk and structured products used in fixed income markets
要了解的详细信息

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April 2026
39 项作业
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该课程共有7个模块
This module introduces the foundational concepts of fixed income securities and the contractual structure of bonds. Learners explore bond features such as coupon structures, maturity, and issuer types while examining covenant protections and priority of claims. The module also analyzes bond market segmentation, embedded options, and the structure of primary and secondary bond markets.
涵盖的内容
25个视频5个作业
25个视频•总计164分钟
- What is Fixed Income? Difference between Fixed Income vs Loans•9分钟
- Economic meaning of Lending Capital | How is it shown in Balance Sheet•6分钟
- Bond Features | Issuer types | Par value | Maturity•8分钟
- Coupon Types•8分钟
- Priority of Claims•11分钟
- Bond indentures | Affirmative Bond Covenants•6分钟
- Negative Covenants•5分钟
- Bond Cashflow Patterns•8分钟
- Prinicipal repayments structure | Bullet Bonds•4分钟
- Fully amortising Bond and Numerical•9分钟
- Partially Amortising bond and Numerical•6分钟
- Balloon Payments•4分钟
- Coupon Variations & Zero-Coupon Bonds•5分钟
- Index Linked Bonds and OID•2分钟
- Overview of Embedded Options | Callable Bonds•7分钟
- Cal Protection and Call Price•5分钟
- Putable and Convertible Bond•8分钟
- Tax, legal and Reguatory Considerations•7分钟
- Domestic Foreign Euro global Bonds•5分钟
- Market Segmentation by Issuer, Maturity, Credit Quality•8分钟
- IY vs Hy bonds•8分钟
- Segmentation by Currency, geography, thematic investments•5分钟
- Primary Bond Market•8分钟
- Secondary Bond market | OTC | Bid Ask•6分钟
- Distressed Debt | Fixed Income Indices•6分钟
5个作业•总计180分钟
- Practice Quiz : — The Bond Contract•30分钟
- Practice Quiz : — Bond Cash Flows & Structural Design•30分钟
- Practice Quiz : — Embedded Options & Flexibility•30分钟
- Practice Quiz : — Embedded Options & Flexibility•30分钟
- Graded Quiz : — Fixed Income Instruments and Market Framework•60分钟
This module focuses on the pricing of fixed income securities using time value of money principles. Learners examine how bond prices change with yield movements and explore concepts such as accrued interest, clean price, and dirty price. The module also introduces different yield measures and spread metrics used to evaluate bond investments.
涵盖的内容
14个视频3个作业
14个视频•总计104分钟
- Bond Pricing using Time value of money•10分钟
- Bond Pricing with respect to change in YTM•7分钟
- Bond and Price inverse relationship•10分钟
- Bond pricing with respect to change in Periodicity•9分钟
- Acrrued Interest, Clean and Dirty Price•9分钟
- Numerical explaining Clean and Dirty Price, Calculation of Accured interest•9分钟
- Matrix Pricing•4分钟
- Convex relationship of Bond Price and yield•4分钟
- Effect of Coupon and Maturity on Bond Pricing•3分钟
- Calculation of Yield on change of periodicity•10分钟
- Types of yields•5分钟
- Yield and spreads on a callable bond•8分钟
- Yield spread measures for Fixed coupon bonds and G spread•9分钟
- I spreads, Z spread and OAS•6分钟
3个作业•总计120分钟
- Practice Quiz : — Basics of bond Pricing•30分钟
- Practice Quiz: Yield Measures and Spreads for fixed coupon bonds•30分钟
- Graded Quiz : — Bond Pricing and Yield Measures•60分钟
This module explores the motivations behind borrowing decisions made by corporations, financial institutions, and governments. Learners examine different funding instruments used in short-term and long-term debt markets, including repo agreements and sovereign debt instruments. The module also compares funding strategies used by corporate and government issuers.
涵盖的内容
12个视频4个作业
12个视频•总计79分钟
- Why Corporations Borrow•5分钟
- Why Government Borrow•3分钟
- Rationale for Funding choices•8分钟
- Corporate Short-Term Funding•8分钟
- Financial Institutions Short-Term Funding•7分钟
- Understanding Repo agreements with numerical•12分钟
- Variation Margin Numerical•6分钟
- Repo applications, risks•9分钟
- IG Vs HY Bonds•5分钟
- Sovereign Funding•6分钟
- Non sovereign Funding•5分钟
- Issuing Debt – Corporates vs Governments•5分钟
4个作业•总计150分钟
- Practice Quiz : — Why Entities Borrow & How Funding Choices Begin•30分钟
- Practice Quiz : — Comparing Funding Instruments for Corporates and Government•30分钟
- Practice Quiz : — Comparing Sovereign and non sovereign funding instruments•30分钟
- Graded Quiz : — Corporate and Government Debt Markets•60分钟
This module examines the term structure of interest rates and its role in bond valuation. Learners explore spot rates, forward rates, and par yield curves while understanding how these curves influence bond pricing and investment decisions. The module also introduces yield curve interpretation and its implications for market expectations.
涵盖的内容
4个视频3个作业
4个视频•总计33分钟
- Term structure of Interest rates and Spot rates•5分钟
- Par Rates and Bond Pricing using Forward Rates•8分钟
- Forward rates calculations and approximations•16分钟
- Compare Spot, par and forward curve•4分钟
3个作业•总计120分钟
- Practice Quiz : — Understanding the term structure of interest rates•30分钟
- Practice Quiz : — Bond Pricing using the term structure of interest rates•30分钟
- Graded Quiz : — Term Structure of Interest Rates & Yield Curves•60分钟
This module analyzes how changes in interest rates affect bond prices and returns. Learners explore the sources of bond returns, holding period returns, and the trade-off between price risk and reinvestment risk. The module also introduces duration and convexity measures used to assess bond price sensitivity.
涵盖的内容
23个视频9个作业
23个视频•总计152分钟
- Where Do Bond Returns Come From?•4分钟
- What YTM Really Assumes•5分钟
- Hold to Maturity, No Rate Change•7分钟
- Selling Early with Unchanged YTM•11分钟
- Rate Changes & Holding to Maturity•9分钟
- Rate Changes & Selling Before Maturity, YTM Increases•5分钟
- Rate Changes & Selling Before Maturity, YTM Decreases•5分钟
- The Trade-Off Between Price Risk & Reinvestment Risk•4分钟
- Short vs Long Investment Horizons•9分钟
- Understanding Modified Duration•8分钟
- Appromixation of Modified Duration•6分钟
- Understanding Money Duration•9分钟
- Maturity, Coupons, and Time Effects on Duration•7分钟
- Introduction of Convexity•6分钟
- Convexity calculation, definition•7分钟
- Price change calculation with duration and convexity•5分钟
- Numerical on Positive Convexity•7分钟
- Portfolio Duration and convexity at a conceptual level•4分钟
- Interst rate risk measures for embedded options- Effective Duration and Effective Convexity•9分钟
- Price yield Curve for a callable and putable bond•8分钟
- Change in Full Bond Price estimation•6分钟
- Understanding non parallel yield curve shifts•8分钟
- Mathematical and emprical Duration concept•3分钟
9个作业•总计300分钟
- Practice Quiz : — Sources of Bond Returns & the Meaning of YTM•30分钟
- Practice Quiz : — Sources of Bond Returns & the Meaning of YTM•30分钟
- Practice Quiz : — Changed YTM – Holding Period Matter•30分钟
- Practice Quiz : — Price Risk vs Reinvestment Risk•30分钟
- Practice Quiz : — Understanding Bond Duration Using Yield•30分钟
- Practice Quiz : — How Interest rate risk is a factor of bond's Maturity, coupon, and yield level•30分钟
- Practice Quiz : — Understanding Convexity's effect on Bond Price sensitivity•30分钟
- Practice Quiz : — Key Rate Duration•30分钟
- Graded Quiz : — Interest Rate Risk, Return and Bond Price Senstivity•60分钟
This module focuses on credit risk assessment and credit analysis frameworks used in fixed income investing. Learners examine credit ratings, yield spread drivers, and factors affecting borrower creditworthiness. The module also explores financial ratios, debt rankings, and credit evaluation techniques for corporate and sovereign issuers.
涵盖的内容
17个视频4个作业
17个视频•总计114分钟
- Basics of Credit risk and Credt analysis factors•10分钟
- Borrower's Sources of repayment•7分钟
- Calculation of Credit risk•7分钟
- Credit rating agencies and its use•6分钟
- Risks of using agencies for credit ratings•5分钟
- Macroeconomic Factors•8分钟
- Risks of using agencies for credit ratings•5分钟
- Decomposing yield spread•6分钟
- Qualitative factors•8分钟
- Quantitative factors•7分钟
- Ratio based assessment-1•6分钟
- Ratio based assessment-2•7分钟
- Debt rankings•5分钟
- Claims based on debt ranking•6分钟
- Soverign Government Debt and Qualitative factors affecting its creditworthiness•8分钟
- Soverign Government Debt and Quantative factors affecting its creditworthiness•8分钟
- Non sovereign government debt issuer•5分钟
4个作业•总计150分钟
- Practice Quiz : — Credit Risk and spread in detail•30分钟
- Practice Quiz : — Navigating Interfaces & Core Features•30分钟
- Practice Quiz : — Factors impacting Volatility of yield spreads•30分钟
- Graded Quiz : — Credit Risk and Anlaysis for Corporate and Government issuers•60分钟
This module introduces securitization structures and structured fixed income securities. Learners explore asset-backed securities, mortgage-backed securities, and collateralized debt obligations while understanding the risks and benefits of securitized products. The module also examines prepayment risk, tranche structures, and credit enhancement mechanisms
涵盖的内容
23个视频11个作业
23个视频•总计118分钟
- Definition of Securitisation•7分钟
- Structure of Securitisation•8分钟
- Calculation of Credit risk•7分钟
- Process and benefits to issuers•4分钟
- Process and benefits to Investor•6分钟
- Risk to investors•7分钟
- Characteristics and risks of Covered Bonds•6分钟
- Credit enhancemnet structures-1•6分钟
- Credit enhancemnet structures-2•4分钟
- Non-mortgaged ABS-1•7分钟
- Non-mortgaged ABS-2•4分钟
- CDO- structure, types•5分钟
- Pre payment risks•6分钟
- Time trannching and Prepayment risks•6分钟
- Residential mortgage loan and features•3分钟
- Key Measures of default risk•4分钟
- Agency and Non agency RMBS•4分钟
- Mortgage Pass-Through Securities & Key Measures•5分钟
- CMOs- Definition•3分钟
- CMOs- Structures•6分钟
- CMBS•4分钟
- Credit risk of the borrower•2分钟
- Call Protection and Balloon Maturity provisions•3分钟
11个作业•总计360分钟
- Practice Quiz : — Securitisation and Structure•30分钟
- Practice Quiz : — Securitisation and Benefits•30分钟
- Practice Quiz : — Securitisation and Risk•30分钟
- Practice Quiz : — Asset backed Security•30分钟
- Practice Quiz : — Type and characteristics of non-mortagaged ABS•30分钟
- Practice Quiz : — Collaterised Debt Obligations•30分钟
- Practice Quiz : — Time tranching in securitisation•30分钟
- Practice Quiz : — Residential Mortgage Loan•30分钟
- Practice Quiz : — Navigating Interfaces & Core Features•30分钟
- Practice Quiz : — Commercial Mortgage-Backed Securities•30分钟
- Graded Quiz : — Navigating Interfaces & Core Features•60分钟
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常见问题
This cfa level 1 fixed income course covers bond valuation, yield measures, interest rate risk, credit analysis, and structured products. It provides a complete understanding of how fixed income securities work in financial markets.
Yes, this course starts with the basics of fixed income investments and gradually progresses to advanced topics like duration, convexity, and credit risk, making it suitable for beginners and intermediate learners.
Fixed income securities are investment instruments that provide regular interest payments and return of principal. They are important for stable income, capital preservation, and diversification in investment portfolios.
Yes, you will learn to analyze fixed income bonds using pricing models, yield calculations, and risk metrics to assess their investment potential.
Yes, the course covers various fixed income products such as government bonds, corporate bonds, asset-backed securities, and mortgage-backed securities.
You will learn frameworks to evaluate best fixed income investments by comparing yield, credit quality, duration, and risk-return trade-offs.
Yes, the course explains how fixed income funds invest in diversified bond portfolios and manage risks like interest rate and credit risk.
It provides a conceptual understanding of fixed income mutual funds, including portfolio construction, income generation, and risk management.
A fixed return investment offers predictable income through interest payments, unlike equities which provide variable returns based on market performance.
Yes, the course includes detailed coverage of bond pricing, yield to maturity (YTM), yield spreads, and valuation techniques used in bond and fixed income analysis.
Interest rates directly impact fixed income securities prices. When rates rise, bond prices fall, and vice versa. The course explains this relationship using duration and convexity.
Yes, you will learn how to evaluate issuer creditworthiness, understand credit ratings, and assess default risk in fixed income investments.
Yes, the course explains income bonds, interest payments, and concepts like capital gain bonds interest, including how price changes affect returns.
Yes, it is aligned with cfa level 1 fixed income course curriculum and helps build both conceptual clarity and practical problem-solving skills.
Knowledge of fixed income can help you pursue roles such as financial analyst, investment analyst, portfolio manager, or credit analyst in banks, asset management firms, and financial institutions.
To access the course materials, assignments and to earn a Certificate, you will need to purchase the Certificate experience when you enroll in a course. You can try a Free Trial instead, or apply for Financial Aid. The course may offer 'Full Course, No Certificate' instead. This option lets you see all course materials, submit required assessments, and get a final grade. This also means that you will not be able to purchase a Certificate experience.
When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile.
Yes. In select learning programs, you can apply for financial aid or a scholarship if you can’t afford the enrollment fee. If fin aid or scholarship is available for your learning program selection, you’ll find a link to apply on the description page.
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