Fixed Income & Bonds Course
This 2-part course will introduce you to the main products and players in fixed income markets. This course teaches using real market data and examples of the most commonly used Bloomberg screens for bonds. Core concepts such as bond pricing, duration and yield curves are covered in detail. This course incorporates a wide range of applied exercises with case studies and quizzes to test what you have learned.
Fixed income products and markets
In this first section, we explore the key features of a bond including the issuer, coupon and maturity date. The key issuers are covered and ratings for bonds are discussed. Bond prices are driven by changes in the yield curve. Typical yield curve shapes are investigated together with how the yield curve moves through the economic cycle. The module uses Bloomberg’s DES, YAS and IYC screens to illustrate the points discussed.
- Learn the key features of fixed income securities & bonds
- Understand the yield curve and what it represents
- Track yield curve changes throughout the economic cycle
Pricing fixed income securities and duration
The second module starts by demonstrating how bonds are priced using discounted cash flow and the relationship between a bond’s price and its yield. Clean prices, dirty prices, and accrued interest are also discussed. Understanding how bond prices move as their yields move is a fundamental concept in the fixed income market. Macaulay and modified duration are both explained. This session provides an intuitive explanation of these concepts before looking at detailed calculations.
- Use Discounted Cash Flow (DCF) to price bonds
- Learn the relationship between bond prices and yields
- Use duration to learn how bond prices move in the market
More fixed income course information
This course incorporates a wide range of applied exercises and case studies. Sophisticated search and navigation tools allow you to go at your own pace while pop quizzes test what you have learned. The course also includes two PDF reference guides – a financial statements glossary and an accounting fact-sheet. These can be used while taking the course and downloaded to your computer for future reference.
For further CPE information, please read before purchasing:
What You'll Learn
Path to Certification
6 courses from beginning to intermediate level.01Optional
9 courses from beginning to intermediate level.02Required
Take 3 out of 8 courses at an advanced level.03Required
Submit your FMVA®️ checklist and order your certificate.04Required
Join Our Community
Get access to the Global Corporate Finance Society.05Optional
How the Certification Works
What Our Students Say
Amazing teaching, clears all the concepts really well.
Wonderful Course. The materials are self-explanatory, I have struggled to attain a proper understanding of Bonds and other equity instruments for quite a while now, but with this course, I am more confident about my knowledge of bonds and its valuation and basic fixed income theoretical terminologies.
The material in the course is somewhat challenging to understand on it's face. However, CFI does a great job at explaining it so it comes off as intuitive. It may take another 1 or 2 course completions to understand the underlying concepts due to their nature but overall the course does a great job at hitting all of the fundamental fixed income building blocks.
This is a blessing to this generation, especially for the finance profession. Top notch resources. Thumbs up.
Frequently Asked Questions
FMVA® Financial Analyst Certification
Become a Financial Modeling and Valuation Analyst (FMVA)® by completing all required courses in accounting, finance, modeling, Excel, presentations, and strategy. From beginner to advanced courses you will have the complete training you need to become a world-class financial analyst.