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.
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
Path to Certification
6 courses from beginner to intermediate level.01Optional
6 courses from beginner to intermediate level.02Required
9 courses in advanced and intermediate levels.03Required
Submit your CMSA® 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
Explanations on correlation between Bond Price and Yield, Macaulay Duration, and the importance of Convexity adjustment are exceptional!!!
This course provides the comprehensive and fundamentals of Fixed Income with practical demonstrations. Also, special thanks for the downloadable excel templates for more practices.
Good presentation of the fundamentals with examples making it easier to understand .
I am thoroughly blown away by the course content. Very informative and practical and allows you to take a step by step approach to learn.