Name: Fixed Income Fundamentals
Rating: 4.710843373493976 (83 reviews)

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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 Bloomberg 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

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 trade different asset classes. The program is completely online so you can take it at your own pace, 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 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

Get Started

Level 3

Approx 3.5h to complete

100% online and self-paced

Subscribe to get access to FMVA and other programs

From $497/year

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What you'll learn

Lesson

Multimedia

Exams

Files

Fixed Income Overview

Course Introduction Free Preview

Downloadable Files

What is Fixed Income Free Preview

Introduction to Bonds Free Preview

Who Invests in Bonds? Free Preview

Who Issues Bonds Free Preview

Risks of Investing in Bonds

Example of a Bond

Example of a Bond - Refinitiv

Bond Market

The Life Cycle of a Bond

Interactive Exercise 1

Coupon and Yield

Accrued Interest and Day Count Conventions

Day Count - Actual/Actual

Day Count - 30/360

Day Count - Actual/365

Day Count Examples

Interactive Exercise 2

Yields

Nominal, Effective, and Real Yield

Interactive Exercise 3

Yield Curve and the Economic Cycle

Yield Curve Shapes Demonstration

Interactive Exercise 4

Bond Prices and Yields

Bond Price

Bond Price Excel Demonstration

Clean Price and Dirty Price

Price Fluctuations and Drift-To-Par

Bonds Prices and Yields

Interactive Exercise 5

Summary

Download the Solution Files

Course Summary

Qualified Assessment

Become a certified Financial Modeling & Valuation Analyst (FMVA)® Certification

Fixed Income Fundamentals is part of the Financial Modeling & Valuation Analyst (FMVA)® certification, which includes 38 courses.

Financial Modeling & Valuation Analyst (FMVA)® Certification

Skills learned Financial modeling and valuation, sensitivity analysis, strategy
Career prep Investment banking and equity research, FP&A, corporate development

Learn more

Path to certification

Prerequisite courses

7 courses from beginner to intermediate level.

01 Optional

Core courses

11 courses from beginner to intermediate level.

02 Required

Elective courses

19 courses at an advanced level.

03 Required

Get Certified

Submit your FMVA® checklist and order your certificate.

04 Required

Join our community

Get access to the Global Corporate Finance Society.

05 Optional

How the certification works

FMVA® Financial Analyst Certification courses are offered 100% online, allowing you the flexibility to start the financial analyst 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 elective courses (14 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 FMVA Certification will be emailed to you.

What our students say

very interactive
i love the program and will recommend it to my colleagues

Ademola Ayodeji

Good
No comment

BABAJIDE SIMEON ORILOYE

Excellent course
Teacher is very knowledgeable

Eric Aubry

Awesome
Amazing

Bryan Jonathan Purnama

Very informative course
The instructor, the examples and the material were very explanatory.

Konstantinos Lekkas

good preperation for FI
best FI-program I ever took

Niklas Doehn

none
none

Jackie Yang

Fixed Income Fundamentals
5/10

Mayura P. Perera

Great way to start learning about bond markets.
This course presents some of the major concepts about bonds and fixed income in a well planned flow.

Martin Azevedo

Learnt alot
Good insights

Ryan Fernandes

Excellent course
Great

Pablo Antonio Marín Caso

Perfect
Perfect

Aly Muhammad Aly

.
.

Melusi Mlindwa

-
-

Galyna Bozhok

Top Knowledge!
All information is well crafted with adequate practical knowledge. The exercises were really helpful.

Olushola Odutola

Great course!
Very informative

Jose Rottmann

Great explanations and content
Excellent course. Thank you very much

Rodrigo Vivas

OK
OK

Amanho Christian AMANHO

Most amazing Burst of Knowledge
Most amazing Burst of Knowledge

Muhammed Sameer Hassan

Great
Happy to have enrolled

Diego Leon Quilotte

KK
MM

Sivabalaji K

good
good

Yaksh Soni

c
c

Punarvasu Sharma

Fixed Income Fundamentals - A very informative course
The knowledge material and content was excellent and very well delivered too. Would recommend this course to all interested in learning about fixed income fundamentals.

Carlos Fernandes

Great
Great experience

Anurag Lahon

.
.

Hady Ayman

Good learning, rough testing
Please check the materials used to help with calculations.

Michael Li-Seabrooks

Great teaching & a wonderful addition to my certifications!
The quality of instruction was very good and the assessments were very reasonable for someone without much prior experience in finance.

Amy M. Blackwell

good
very useful

ahmed nashy

Very detailed for a "Fundamentals" course
This course was much more detailed than I initially predicted for a Fundamentals introduction to Fixed Income. You will learn about Yield Curves, Credit Spreads, Duration and Convexity, among others.

João André

GREAT
Good course content

Shubhang Kankapurkar

Great stuff
Great Stuff

Jevin Vries

Great Course
Great introduction to the complex and jargon filled world of Fixed Income

Lin Li

.
.

Angelos Liapis

Awesome!
This course was great!

Eli Lloyd

Fixed Income course
Great course with great detail. Introduced complex topics at a pace one can grasp.

Desire Matabane

Very informative
Learned more about fixed income

Nkondog Anselme Venceslas

it's absolutely nice!
very clear and informative

Sheetal Sundaray

Wonderful Course!
Wonderful! The course had strengthen my understanding about fixed income and its components.

Reri Nandar Munazat

.
.

Ahmed Essam

N/A
N/A

George Botchorishvili

Great information
Very happy with my experience so far

Jonathan Cancilla

4
4

MICHEL WAKENGE KYALONDAWA

Interesting!
Lovely illustration!

Ahmed Magdy Mohammed Farid Elsayed

Excellent course
Excellent coverage for most of the concepts.

Amit Bhatnagar

Amazing
Great content and excellent explained videos

Abdelrahman Meltaha

The course is amazing
The step-by-step explanation helps a lot!

Scherzo Naiborhu

it was good
IT was good however I am thinking that if the professor would go bit slow it would be okay

Murtuza Barodawala

thank you cfi
thank you cfi

SAUD BIN DEKHAYEL

Great
Content is good

Regnald Sherekete

CFI learning experience
Very effective courses for refreshing and deepening knowledge. I can't imagine a more practical way for quickly explaining things!

ALKET GRADECI

Swift and straight to the point
the material was concise and perfectly elaborated

Ahmad AlHajeri

Great course
Great course

Eugene Uwizeyimana

I recommend this course to others
I have completed this course about Fixed Income Fundamentals and I would like to recommend it to everyone involving in the Capital Market and Investment sector.

Feguens Marcelin

Good Experience , adding value for me
Need to add more details , specially for calculations

Ahmed Abdelsalam

Very Good
Perfect balance between theory and practice.

Rodrigo Otero Marrapodi

If you are already interested in finance/investing, you will appreciate this course!
This course definitely taught me things about fixed-income assets I was not aware of before!

zion sanders

Very wholistic and practial
I find the downloadable contents extremely useful and handful, especially the bond calculator

Femi James

good
good

ABHISHEK SUREKA

awesome
I love this courses

Sayed Inshal Salim Sayed

This is easy platform to navigate while learning
The modules are well laidout easy to understand and easy to navigate by any one.

Kisambira jimmy

Great Course
Highly informative and well structured.

Andre Robert

It was very good
As a newbie in the bond market it took me a while to grasp the materials, but after going over a few times it made sense. thank you

Veronica Nantege Njuba

Good course!
Very good training!

Justus Agoti

Excellent
Its an excellent course to understand all the background calculations and key industry terms for Fixed Income assets.

Ashish Gaggar

A heavy stuff material for a complete beginner
a lot of new concepts, difficult to remember and connect dots between them

Ali Al Mahrooqi

Fantastic course work on the basics of Fixed income
Easy to understand. Best practical course out there at the moment on fixed income.

Brendon LUEE

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

Irakli Partsvania

Fantastic Introduction to Fixed Income Concepts
This course covers the most fundamental concepts in fixed income market, including duration and convexity. I would recommend this course to any student who wants to learn about fixed income in a much more applied approach than a traditional and theoretical in a typical master's degree classroom.

Jingze Sun

Great course
Great course

Lynda Opoku

Fixed Income
Fixed Income Fundamental is very informative and good to know calculations for Durations and convexity.

Khaleeq Ahmed

Invaluable !!
Thanks for this insightful course. The course was excellently summarised and still covered the key areas.

Macdonald Ossuetta

Really a concrete course to understand the Fundamentals of Fixed Income
Explanations on correlation between Bond Price and Yield, Macaulay Duration, and the importance of Convexity adjustment are exceptional!!!

Kandan Deivasigamani

Fixed Income Fundamentals
EXCELLENT COURSE

John Ngelula

Good introduction to Fixed Income
This course provides the comprehensive and fundamentals of Fixed Income with practical demonstrations. Also, special thanks for the downloadable excel templates for more practices.

Kwong Sang Yeung

Good presentation of the fundamentals with examples making it easier to understand .

venugopal rajamanuri

FIXED INCOME FUNDAMENTALS
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.

Ibrahim Shelleng

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.