Understanding the structure and norms of the fixed income market. Understanding what a fixed income security is, and what’s its basic structure like.įixed Income Markets: Issuance, Trading & Funding Here’s the summary of CFA Level 1 Fixed Income’s chapter readings: Learning Moduleįixed Income Securities: Defining Elements It is covered in 2023’s Topic 6 which contains 6 Learning Modules (LMs). It is crucial to get a solid foundation on fixed income fundamentals from Level 1 as its topic weight increases throughout the 3 levels.ĬFA Level 1 Fixed Income’s topic weighting is 10%-12%, which means 18-22 questions of the 180 questions of CFA Level 1 exam is centered around this topic. The Fixed Income CFA Level 1 topic area constitutes one of the largest segments of the broader capital market. It mostly covers any investments where investors are loaning the money for a fixed, scheduled repayment: hence the name ‘fixed income’.įor Level 1, Fixed Income is third largest topic (sharing the title with Equity Investments) after FRA and Ethics. Don’t forget to bookmark this page and revert back often as it’s a big topic to go through 🙂 Use the Cheat Sheets during your practice sessions to refresh your memory on important concepts. With some topic-specific tips at the end too! More Cheat Sheets will be published and updated shorlty, sign up to our member’s list to be notified first.īy referring to the CFA Learning Outcome Statements (LOS), we prioritize and highlight the absolute key concepts and formula you need to know for each topic. ☕ CFA Fixed Income is one of the more quantitatively intensive topics in the exams and getting your fixed income basics right would build you a good base for the subsequent levels as well. This cheat sheet is basically a CFA Level 1 Fixed Income notes and formula sheet. With so many key concepts to cover, we decided to create our Cheat Sheet series of articles, which focuses on one specific topic area for one specific CFA Level. Note: this cheat sheet is updated for the latest 2023’s curriculum.įixed Income is a central topic in finance, and it increases in importance ( topic weight wise) as you advance to CFA Level 3.
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