Fixed Income Fundamentals

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Intermediate level

Approx 3.50h to complete

100% online and self-paced

Subscribe to get access to CMSA® and other programs

From $497/year

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Overview

Fixed Income Fundamentals Course Overview

In this Fixed Income Fundamentals course, we will explore the basic products and players in fixed income markets. We will introduce key features of a bond such as par value, coupon, yield curves, and credit spreads. Then, we will calculate the price of a bond using discounted cash flows and the relationship between a bond’s price and its yield. Clean prices, dirty prices, accrued interest, and day count are other fixed income topics discussed in this online course. Finally, we will explore bond risk measures including Macaulay duration, modified duration, dollar duration, and convexity. We will then calculate the price sensitivity to yield changes using these risk measures.



This course uses real market data and examples of the most common Bloomberg screens for bonds. A wide range of exercises and real-life case studies are incorporated in the course so you can directly apply your knowledge on the job. This online course can be taken on demand, from anywhere in the world. 



Fixed Income Fundamentals Learning Objectives

Upon completing this course, you will be able to:

  • Define the key concepts of the basic fixed income instrument – bonds
  • Explain who buys bonds, who issues bonds, and the bond market
  • Examine the concepts of yield, coupon, and day count
  • Discuss the yield curve, credit spreads, and what they represent
  • Calculate the price of a bond and explain the relationship between price and yield
  • Measure the yield sensitivity of a bond by using duration and convexity



Fixed Income Fundamentals Is a Required Course of CFI’s CMSA® Program

CFI’s Capital Markets & Securities Analyst (CMSA)® program covers all the basic, intermediate, and advanced topics about sales and trading, investment banking, and asset management. This program teaches you trading strategies used in the finance and capital markets industry. It is ideal for students who want to learn how to trade different asset classes. The program is completely online so you can take it at your own pace, from anywhere in the world.

Common career paths for students who take the CMSA® are Sales & Trading, Asset Management, Wealth Management, Treasury, Risk Management, and other capital markets careers.


Who Should Take This CMSA® Course?

This Fixed Income Fundamentals course is perfect for anyone who would like to build up their understanding about capital markets. This course is designed to equip anyone who desires to begin a career in fixed income, equity, sales and trading, or other areas of finance with the fundamental knowledge of fixed income.

What You'll Learn

Lesson
Multimedia
Exams
Files

Become a certified Capital Markets & Securities Analyst (CMSA)®

Fixed Income Fundamentals is part of the All Capital Markets & Securities Analyst (CMSA)® courses, which includes 29 courses.

Capital Markets & Securities Analyst (CMSA)® Certification
  • Skills Learned Trading strategies used in the finance and capital markets
  • Career Prep Work in capital markets, whether on the buy-side or the sell-side

Path To Certification

Prep Courses

5 courses from beginner to intermediate level.

01Optional

Core Courses

8 courses from beginner to intermediate level.

02Required

Elective Courses

16 courses in advanced and intermediate levels.

03Required

Get Certified

Submit your CMSA® checklist and order your certificate.

CMSA Certificate 04Required

Join Our Community

Get access to the Global Corporate Finance Society.

05Optional

How the Certification Works

Capital Markets & Securities Analyst (CMSA)® courses are offered 100% online, allowing you the flexibility to start the Capital Markets & Securities Analyst (CMSA)® program anytime and learn when it’s most convenient for you.

The program is a part of the All Access Subscription, which includes all programs and courses.

CFI courses are designed by instructors with over 21 years of financial analyst training experience.

Students must complete all core and 7 elective courses (13 in total) and demonstrate mastery of the topics through successful completion of course materials, quizzes, and assessments.
Within 48 hours of program completion, your Blockchain Verified (CMSA)® Certification will be emailed to you.

What Our Students Say

Fixed income fundamentals
The course was very Interesting, amazing and productive!

Irakli Partsvania

Helpful
It has a very interesting exercice. This course helped me to understand some basic notions of the Fixed income market, in comprhensive method.

Junior KETO NSINGANI

Fixed income Fundamentals
Great

Edwin Wangila

Excellent
Interesting, relevant, and well explained

Richard Hastings

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