Tutorial lessons
06 Fixed Income
Learn CFA Level 2 Fixed Income with tutorials on yield curves, interest rate models, arbitrage-free valuation, embedded options, credit risk, and credit default swaps.
Lessons
Tutorial lessons
FI 1 – The Term Structure and Interest Rate Dynamics
Study the term structure and interest rate dynamics for CFA Level 2, covering spot and forward rates, yield curve theories, rate models, and interest rate risk.
FI 2 – The Arbitrage-Free Valuation Framework
Learn the arbitrage-free valuation framework for CFA Level 2, covering spot-rate pricing, binomial interest rate trees, and backward induction with examples.
FI 3 – Valuation and Analysis of Bonds with Embedded Options
Study valuation and analysis of bonds with embedded options for CFA Level 2, covering callable and putable bonds, OAS, effective duration, and convexity.
FI 4 – Credit Analysis Models
Study credit analysis models for CFA Level 2, covering default probability, recovery rates, credit valuation adjustments, structural models, and credit spreads.
FI 5 – Credit Default Swaps
Learn credit default swaps for CFA Level 2, covering CDS pricing, credit events, settlement, spreads, valuation, and strategies for hedging credit risk.