CFA® Level 1 (2020) - Complete Fixed Income
4.6 (646 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
6,095 students enrolled

CFA® Level 1 (2020) - Complete Fixed Income

Deep dive into Fixed Income with the Bestselling CFA® prep course provider | With visual learning + Quizzes
4.6 (646 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
6,095 students enrolled
Last updated 4/2020
English [Auto]
Current price: $69.99 Original price: $99.99 Discount: 30% off
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This course includes
  • 6.5 hours on-demand video
  • 8 articles
  • 37 downloadable resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
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What you'll learn
  • Understand the elements that define and characterise fixed-income securities
  • Know what to look out for when investing in a bond
  • Understand the legal, regulatory and tax framework bonds operate under
  • Know the various coupon payment types
  • Have an overview of global fixed income markets
  • Understand how bonds are issued in primary markets, and traded in secondary markets.
  • Examine government, corporate and structured finance bond market sectors.
  • Make basic bond valuations
  • Calculate and quote bond prices and yields
  • Understand what is yield spread.
  • Understand what is securitisation, and its benefits
  • Learn what is tranching, and the difference between credit tranching and time tranching
  • Understand how mortgage-backed securities (MBS) are structured
  • Learn what is a CDO
  • Understand and calculate bond duration (Macaulay, modified, approximate modified, effective and key-rate durations)
  • Make convexity adjustments to calculate change in price of a bond when its yield changes
  • Understand credit ratings and role of credit ratings agencies
  • Analyse the credit risk of a company
  • Basic mathematics knowledge
  • CFA Institute approved calculator
  • Understand TVM and DCF concepts (from Quantitative methods)

Bestselling and Highest Rated CFA® courses on Udemy!

(for 2020 and 2021 CFA® Level I exam)

The CFA® program is rewarding but gruelling. The majority of candidates fail the exam. In order to pass, you are going to need much more than summaries or crash courses. But we can fully empathise if you feel the curriculum is too lengthy and too difficult given your busy schedule.

That is why we have crafted for you this complete series of 10 courses covering all 10 topics of the CFA® curriculum. These courses are not superficial summaries, but a detailed and concise coverage of the curriculum for each topic area.

We keep our videos short so as to help you follow the Pareto Principle. We believe that if you put in the optimal 20% effort using the right approach, you can potentially achieve 80% of the results!

The PrepNuggets approach is to condense pertinent material from the curriculum to easily digestible nuggets for you to consume during your pockets of free time. Each nugget is painstakingly crafted to explain really complex concepts using engaging illustrations and animations. No more wading through pages and pages of words, or sitting through long boring lessons with bullet-point slides.

By the end of this course, we are confident you will be able to comfortably handle at least 80% of the questions under this topic area.

Don't take our word for it! Hear what some of our students have to say:

  • "This is an INCREDIBLY useful course for visual learners. The concepts are clear and concise. You will begin to see the relationships between concepts as you progress. Excited for the rest of this course and the other courses in the rest of the series." - Andrew Bachman

  • "One of the best courses I've seen, if not the best. Prepnuggets staff know how to pass on knowledge, both by visualization and by verbal explanations. Excited to finish this course and continue to other courses." - Lidor Sigron

Take action now! It is never too early or too late to start preparing. Join thousands of CFA candidates worldwide in making us your preferred prep companion!


*NOTE: This course is part of a complete series of 10 courses that fully cover all 10 topics for CFA® Level I. We recommend you begin your exam preparation with our Quantitative Methods course. For our full catalog of courses, look for our instructor profile down below and click on the PrepNuggets logo.

REQUIRED DISCLAIMER: CFA Institute does not endorse, promote, or warrant the accuracy or quality of the products or services offered by PrepNuggets or Udemy. CFA Institute, CFA®, and Chartered Financial Analyst® are trademarks owned by CFA Institute.

Who this course is for:
  • This course is for CFA Level 1 Candidates
  • This course is for people who are interested in the CFA Program
Course content
Expand all 45 lectures 06:36:15
+ Introduction
2 lectures 04:26
Formulas, Definitions, Diagrams at your FINGERTIPS!
+ Fixed Income Securities: Defining Elements
5 lectures 01:05:16
Coupon Structures
Legal, Regulatory and Tax Considerations
Contingency Provisions
Test Your Understanding
+ Fixed-Income Markets: Issuance, Trading, and Funding
7 lectures 01:05:32
Overview of Global Fixed Income Markets
Primary and Secondary Bond Markets
Bonds from Government and Government-related Sectors
Corporate Debt
Structured Financial Instruments
Short-Term Funding for Banks
Test Your Understanding
+ Introduction to Fixed-Income Valuation
6 lectures 01:09:56
Bond Prices and Time Value of Money
Bond Prices: Quotes and Calculations
Maturity Structure of Interest Rates
Yield Spreads
Test Your Understanding
+ Introduction to Asset-Backed Securities
7 lectures 56:10
Residential Mortgage Loans
Residential Mortgage-Backed Securities
Commercial Mortgage-Backed Securities
Non-Mortgage Asset-Backed Securities
Collateral Debt Obligations
Test Your Understanding
+ Understanding Fixed-Income Risk and Return
8 lectures 01:17:39
Sources of Return
Macaulay Duration
Modified Duration and Money Duration
Effective Duration and Key Rate Duration
Duration of a Bond Portfolio
Factors that Influence Interest Rate Risks
Test Your Understanding
+ Fundamentals of Credit Analysis
9 lectures 56:37
Credit Risks
Capital Structure and Seniority Rankings
Credit Ratings and Ratings Agencies
Corporate Credit Analysis
Corporate Credit Analysis (Ratios)
Credit Yields and Spreads
Special Considerations of High Yield Credit Analysis
Test Your Understanding
Special Considerations of Sovereign and Non-Sovereign Credit Analysis
+ BONUS: Further resources for your exam prep
1 lecture 00:38
BONUS: Further resources for your exam prep