Browse CFA Level 2 Essentials

Chapter 6: Fixed Income Valuation and Analysis

Chapter 6: Fixed Income Valuation and Analysis explains the core concepts, key definitions, and practical implications you need for solid analysis. It highlights common pitfalls and the intuition behind the methods so the results are interpreted correctly.

In this section

  • Term Structure Analysis and Yield Curve Modeling
    Term Structure Analysis and Yield Curve Modeling (CFA Level 2): Covers Spot Rates, Forward Rates, and Yield to Maturity and Bootstrapping the Zero-Coupon (Spot) Curve with key formulas and practical examples. Includes exam-style practice questions with explanations.
  • Credit Analysis and Credit Risk Modeling
    Credit Analysis and Credit Risk Modeling (CFA Level 2): Covers Foundations of Credit Analysis and Probability of Default, Loss Given Default, and Expected Loss with key formulas and practical examples. Includes exam-style practice questions with explanations.
  • Valuation of Bonds with Embedded Options
    Valuation of Bonds with Embedded Options (CFA Level 2): Covers Key Embedded Bond Options and Decomposing the Embedded Option Bond with key formulas and practical examples. Includes exam-style practice questions with explanations.
  • Credit Default Swaps and Structured Finance
    Credit Default Swaps and Structured Finance (CFA Level 2): Covers Introduction to Credit Default Swaps and Mechanics of a CDS with key formulas and practical examples. Includes exam-style practice questions with explanations.
  • Practical Applications in Canadian and U.S. Fixed Income Markets
    Practical Applications in Canadian and U.S. Fixed Income Markets (CFA Level 2): Covers The Role of Benchmark Yield Curves and Liquidity Considerations with key formulas and practical examples. Includes exam-style practice questions with explanations.

Important Notice: FinancialAnalystGuide.com provides supplemental CFA study materials, including mock exams, sample exam questions, and other practice resources to aid your exam preparation. These resources are not affiliated with or endorsed by the CFA Institute. CFA® and Chartered Financial Analyst® are registered trademarks owned exclusively by CFA Institute. Our content is independent, and we do not guarantee exam success. CFA Institute does not endorse, promote, or warrant the accuracy or quality of our products.

Chapter 5: Equity Valuation—Models, Applications, and Market Nuances
Chapter 7: Derivatives Valuation and Applications