Bond pricing, duration and yield curve analysis
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Corporate Finance Institute
Fixed Income Fundamentals
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- What You'll Learn
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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 bond features 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 Refinitiv screens for bonds. A wide range of exercises and real-life case studies are incorporated in the course to 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
Who Should Take This Course?
This Fixed Income Fundamentals course is perfect for anyone who wants to build up their understanding of 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.
Fixed Income Fundamentals
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Level 3
Approx 3.5h to complete
100% online and self-paced
Get Recognized With CFI
See All Certification ProgramsWhat you'll learn
Lesson
Multimedia
Exams
Files
Fixed Income Overview
Coupon and Yield
Bond Prices and Yields
Bond Risk Measures
Summary
Qualified Assessment
This Course is Part of the Following Programs
Why stop here? Expand your skills and show your expertise with the professional certifications, specializations, and CPE credits you’re already on your way to earning.
All Capital Markets & Securities Analyst (CMSA)® Courses
Fixed Income Fundamentals is part of the Capital Markets & Securities Analyst (CMSA)® certification, which includes 42 courses.
- 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
Learn More
Financial Planning & Wealth Management (FPWM)™ Certification
Fixed Income Fundamentals is part of the Financial Planning & Wealth Management (FPWM)™ certification, which includes 28 courses.
- Skills Learned Financial Learning, Business Development, Investment Management, Practice Management, Relationship Management
- Career Prep Financial Planner, Investment Advisor, Portfolio Manager
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Learner Reviews
Two-three days per day study
Continue studying or learning
teferi Lemma
Great and Practical
Instructors are very professional in delivering learning Material . Strongly recommend colleagues to sign up with CFI.
Sibulansa Juluta
I simply feel empowered and happy about myself when I am taking the courses.
Biruk Getachew Mekonnen
Good course for those who wishes to have a career in banking and fund investment
Easy to follow, clear and precise and most important, preparing us for a real work knowledge.
Aidil Mustapah
Frequently asked questions
What are the requirements to take the courses?
All of our certification programs are open to students and professionals in various industries and levels of experience. Our curriculum is designed to teach what you need to know from basic fundamentals to advanced practical case studies. To take the courses and complete the exercises, students will only need access to a PC and/or Mac, Microsoft Suite (2016 or newer), and a stable internet connection. Click here to view the Technical Requirements
Can I download the Excel files and financial modeling templates for the course?
Absolutely! All the files and templates needed in a course are available for download. Just look for a module that shows Downloadable Files within the course dashboard. See here for a visual guide on how to do this.
How long do I have to complete the courses?
You will have yearly access to the courses as long as you maintain an active subscription. All the courses are self-paced as well so you can take your time in learning without worrying about any deadlines. Click here to compare our available enrollment options.
Are CFI courses officially accredited?
Yes, CFI is accredited by the Better Business Bureau® (BBB) to maintain training standards, the CPA Institutions in Canada, and the National Association of State Boards of Accountancy (NASBA) in the USA. Most of our courses qualify for verified CPE credits for CPA charter holders. Please refer to this page to view all available CPE credits.
Are there any additional fees or costs?
None! The bundle price includes everything and there are no additional fees or charges to earn your digital certification. You can see our enrollment fees listed here.
What currency are your courses priced in?
All our online courses are priced in USD. As this is a recurring payment, we accept all major credit and debit cards including Visa, MasterCard, and American Express.
How do I earn my certificates?
Students must complete all the video lessons, quizzes, and final assessments in each course. You can retake the assessments as many times as necessary until you reach an 80% passing grade. For more information on how to earn a course certificate, click HERE.
How are the exams conducted?
Students are required to complete an online assessment (Multiple choice questions, Fill-in-the-Blanks, and Excel Questions) at the end of each course. You can take the exams on your own schedule and will need to earn at least 80% to pass the course and earn your certificate of course completion. Please note that course exams can be repeated as many times as you need. Students are also required to complete the FMVA® final exam to earn their certification. How to Take a Qualified Assessment
Can I email the instructor if I have questions?
While the courses are designed mainly for self-study, we are happy to provide email assistance for general or technical support inquiries. The Full Immersion bundles include a premium email support function that allows you to communicate directly with in-house experts regarding course content. This is one of the key features that sets the Full Immersion bundle apart and makes it a worthwhile upgrade over the more affordable self-study bundle. You can compare more features in our bundles here.
Will these courses help me advance my career?
Based on hundreds of reviews from thousands of students we know how CFI courses have helped so many people advance their finance careers. Our courses are designed to be extremely practical and simulate the experience of being trained as a professional financial analyst…the ultimate way to advance your career. For real-world examples and to help delve even deeper into the course concepts, please look into our free career resources library.
More Questions?
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