This playlist covers all topics explored in the Fixed Income section of the 2026 and 2027 CFA Level 1 Curriculum.
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Fixed income instrument features (for the CFA Level 1 exam)
Fixed Income Instrument Features (for the CFA Level 1 exam) explores the fundamental parameters of all debt securities:
…
1
Coupon rate, payment frequency and yield measures (for the 2026 CFA Level 1 exam)
Coupon rate, payment frequency and yield measures explores the:
- computation of fixed and variable with various payment…
2
Question Crunch: Fixed income instrument features (for the CFA Level 1 exam)
Question Crunch: Fixed income instrument features (for the CFA Level 1 exam) tests concepts covered in Lesson 2, Learnin…
3
Bond indenture and covenants (for the CFA Level 1 exam)
Bond indenture and covenants (for the CFA Level 1 exam) explores:
- the sources of repayments for debt securities coming…
4
Question Crunch: Bond indentures and covenants (for the CFA Level 1 exam)
Question Crunch: Bond indentures and covenants (for the CFA Level 1 exam) tests concepts covered in Lesson 3, Learning M…
5
Fixed income cash flows and types (for the CFA Level 1 exam)
Fixed income cash flows and types (for the CFA Level 1 exam) explores the cash flow structures found in:
- bullet,
- ful…
6
Question Crunch: Fixed-income cash flows and types (for the CFA Level 1 exam)
Question Crunch: Fixed-income cash flows and types (for the CFA Level 1 exam) tests topics covered in Lesson 2, Learning…
7
Variable interest, zero-coupon and deferred coupon bonds (for the CFA Level 1 exam)
Variable interest, zero-coupon and deferred coupon bonds (for the @CFA Level 1 exam) explores the mechanics of
- floatin…
8
Question Crunch: Variable interest debt (for the CFA Level 1 exam)
Question Crunch: Variable interest debt (for the CFA Level 1 exam) tests topics covered in Lesson 2, Learning Module 2 o…
9
Contingency provisions - callable, putable and convertible bonds (for the CFA Level 1 exam)
Contingency provisions - callable, putable and convertible bonds (for the CFA Level 1 exam) discusses the possibility t…
10
Fixed income - legal, regulatory and tax considerations (for the CFA Level 1 exam)
Fixed income - legal, regulatory and tax considerations (for the CFA Level 1 exam) discusses the differences between:
- …
11
Question Crunch: Contingency provisions, legal, regulatory and tax considerations (for CFA Level 1)
Question Crunch: Contingency provisions, legal, regulatory and tax considerations (for the CFA Level 1 exam) test topics…
12
Fixed income segments, ratings and indexes (for the CFA Level 1 exam)
Fixed income segments, ratings and indexes (for the CFA Level 1 exam) discusses:
- the maturity and credit quality segme…
13
Question Crunch: Fixed-income segments, issuers, investors and indexes (for the CFA Level 1 exam)
Question Crunch: Fixed-income segments, issuers, investors and indexes (for the CFA Level 1 exam) tests topics covered i…
14
Primary and secondary fixed income markets (for the CFA Level 1 exam)
Primary and secondary fixed income markets (for the CFA Level 1 exam) explores:
- the rationale for debut issuers,
- rep…
15
Question Crunch: Primary and secondary fixed-income markets (for the CFA Level 1 exam)
Question Crunch: Primary and secondary fixed-income markets (for the CFA Level 1 exam) tests topics covered in Lesson 4,…
16
Short-term funding alternatives for corporate borrowers (for the CFA Level 1 exam)
Short-term funding alternatives for corporates (for the CFA Level 1 exam) explores the following means for accessing sho…
17
Question Crunch: Short-term funding alternatives for corporate borrowers (for the CFA Level 1 exam)
Question Crunch: Short-term funding alternatives for corporate borrowers (for the CFA Level 1 exam) tests topics covered…
18
Short-term funding alternatives for financial institutions (for the CFA Level 1 exam)
Short-term funding alternatives for financial institutions (for the CFA Level 1 exam) explores how banks secure access t…
19
Question Crunch: Short-term funding alternatives for financial institutions (CFA Level 1 exam)
Question Crunch: Short-term funding alternatives for financial institutions (for the CFA Level 1 exam) explores topics c…
20
Repurchase agreements (repo) basics (for the CFA Level 1 exam)
Repurchase agreements (repo) basics (for the CFA Level 1 exam) explores the mechanics of repo transations, including:
- …
21
Repurchase agreement (repo) applications and risks (for the CFA Level 1 exam)
Repurchase agreement (repo) applications and risks (for the CFA Level 1 exam) explores the ways in which repo transactio…
22
Question Crunch: Repurchase agreements (for the CFA Level 1 exam)
Question Crunch: Repurchase agreements (for the CFA Level 1 exam) tests topics covered in Lesson 3, Learning Module 4 of…
23
Long term corporate debt (for the CFA Level 1 exam)
Long term corporate debt (for the CFA Level 1 exam) discusses the similarities and differences between the issuance of b…
24
Question Crunch: Long-term corporate debt (for the CFA Level 1 exam)
Question Crunch: Long-term corporate debt (for the CFA Level 1 exam) tests topics covered in Lesson 4, Learning Module 4…
25
Sovereign and similar debt (for the CFA Level 1 exam)
Sovereign and similar debt (for the CFA Level 1 exam) explores the challenges faced by:
- developed market (DM) governme…
26
Question Crunch: Sovereign and similar debt (for the CFA Level 1 exam)
Question Crunch: Sovereign and similar debt (for the CFA Level 1 exam) tests topics covered in Lessons 2 and 4, Learning…
27
Sovereign debt issuance and trading (for the CFA Level 1 exam)
Sovereign debt issuance and trading (for the CFA Level 1 exam) discusses:
- the placing of competitive and non-competiti…
28
Question Crunch: Sovereign debt issuance and trading (for the CFA Level 1 exam)
Question Crunch: Sovereign debt issuance and trading (for the CFA Level 1 exam) tests topics covered in Lesson 3, Learni…
29
Bond pricing and the time value of money (for the CFA Level 1 exam)
Bond pricing and the time value of money (for the CFA Level 1 exam) walks through examples of using the TVM menu to comp…
30
Question Crunch: Bond pricing and TVM (for the CFA Level 1 exam)
Question Crunch: Bond pricing and TVM (for the CFA Level 1 exam) tests concepts covered in Lessons 2 and 3, Learning Mod…
31
Flat price, accrued interest and the full price (for the CFA Level 1 exam)
Flat price, accrued interest and the full price (for the CFA Level 1 exam) goes through the mechanics of computing all c…
32
Flat price, accrued interest and the full price using the Bond worksheet (for the CFA Level 1 exam)
Flat price, accrued interest and the full price using the Bond worksheet (for the CFA Level 1 exam) walks you through th…
33
Question Crunch: Flat price, accrued interest and the full price (for the CFA Level 1 exam)
Question Crunch: Flat price, accrued interest and the full price (for the CFA Level 1 exam) test topics covered in Lesso…
34
The relationship between bond prices and bond features (for the CFA Level 1 exam)
The relationship between bond prices and bond features explores:
- the inverse price-yield relationship,
- the coupon ef…
35
Bond price and yield relationship (for the CFA Level 1 exam)
Bond price and yield relationship (for the CFA Level 1 exam) explores the convex nature of the bond price / yield curve,…
36
Question Crunch: The relationship between bond prices and bond features (for the CFA Level 1 exam)
Question Crunch: The relationship between bond prices and bond features (for the CFA Level 1 exam) tests topics covered …
37
Matrix pricing (for the CFA Level 1 exam)
Matrix pricing (for the CFA Level 1 exam) discusses the matrix approach to valuing illiquid bonds or bond about to be is…
38
Question Crunch: Matrix pricing (for the CFA Level 1 exam)
Question Crunch: Matrix pricing (for the CFA Level 1 exam) tests topics covered in Lesson 4, Learning Module 6 of the Fi…
39
Periodicity and annualised yields (for the CFA Level 1 exam)
Periodicity and annualised yields (for the CFA Level 1 exam) discusses:
- the significance of the periodicity assumtion …
40
Question Crunch: Periodicity and annualised yields (for the CFA Level 1 exam)
Question Crunch: Periodicity and annualised yields (for the CFA Level 1 exam) tests topics covered in Lesson 2, Learning…
41
Other yield measures and conventions (for the CFA Level 1 exam)
Other yield measures and conventions (for the CFA Level 1 exam) discusses:
- current yield,
- the Actual/Actual conventi…
42
Yield to call and Yield to worst (for the CFA Level 1 exam)
Yield to call and Yield to worst (for the CFA Level 1 exam) discusses the efficient computation of alternative yield mea…
43
Question Crunch: Other yield measures (for the CFA Level 1 exam)
Question Crunch: Other yield measures (for the CFA Level 1 exam) tests topics covered in Lesson 3, Learning Module 7 of …
44
G-spread (for the CFA Level 1 exam)
G-spread (for the CFA Level 1 exam) explores how to compute the G-spread (Government spread) from data about a governmen…
45
I-spread (for the CFA Level 1 exam)
I-spread (for the CFA Level 1 exam) explores topics covered in Lesson 4, Learning Module 7 of the Fixed Income section o…
46
Z-spread, zero-volatility spread (for the CFA Level 1 exam)
Z-spread, zero-volatility spread (for the CFA Level 1 exam) explores the valuation of a corporate bond, given a set of b…
47
OAS - Option adjusted spread (for the CFA Level 1 exam)
OAS - Option adjusted spread (for the CFA Level 1 exam) explores the computation of an option-adjusted bond value given …
48
Question Crunch: Yield spread measures (for the CFA Level 1 exam)
Question Crunch: Yield spread measures (for the CFA Level 1 exam) tests concepts covered in Lesson 4, Learning Module 7 …
49
Discount margin / required margin (for the CFA Level 1 exam)
Discount margin / required margin (for the CFA Level 1 exam) walks you through the computation of required margin on a f…
50
Question Crunch: Yield and yield spread measures for floating rate notes (for the CFA Level 1 exam)
Question Crunch: Yield and yield spread measures for floating rate notes (for the CFA Level 1 exam) tests topics covered…
51
Yield measures for money market instruments (for the CFA Level 1 exam)
Yield measures for money market instruments (for the CFA Level 1 exam) explores the use of:
- discount rates, and
- add-…
52
Question Crunch: Yield measures for money market instruments (for the CFA Level 1 exam)
Question Crunch: Yield measures for money market instruments (for the CFA Level 1 exam) tests topics covered in Lesson 3…
53
The term structure of interest rates and spot rates (for the CFA Level 1 exam)
The term structure of interest rates and spot rates (for the CFA Level 1 exam) discusses the contruction of the yield cu…
54
Question Crunch: Maturity structure of interest rates and spot rates (for the CFA Level 1 exam)
Question Crunch: Maturity structure of interest rates and spot rates (for the CFA Level 1 exam) tests topics covered in …
55
Par and forward rates (for the CFA Level 1 exam)
Par and forward rates (for the CFA Level 1 exam) discuesses:
- the computation of par rates,
- the derivation of implied…
56
Spot, par and forward yield curves (for the CFA Level 1 exam)
Spot, par and forward yield curves (for the CFA Level 1 exam) discusses the relationshps between the three curves in:
- …
57
Question Crunch: Par and forward rates (for the CFA Level 1 exam)
Question Crunch: Par and forward rates (for the CFA Level 1 exam) tests topics covered in Lessons 3 and 4, Learning Modu…
58
Sources of return from investing in fixed-coupon bonds (for the CFA Level 1 exam)
Sources of return from investing in fixed coupon bonds (for the CFA Level 1 exam) discuesses the two elements of interes…
59
Investment horizon and interest rate risk (for the CFA Level 1 exam)
Investment horizon and interest rate risk (for the CFA Level 1 exam) analyses the implications for reinvestment and pric…
60
Question Crunch: Sources of return from investing in a fixed-rate bond (for the CFA Level 1 exam)
Question Crunch: Sources of return from investing in a fixed-rate bond (for the CFA Level 1 exam) tests topics covered i…
61
Macaulay duration (for the CFA Level 1 exam)
Macaulay duration (for the CFA Level 1 exam) explores the computation of Macaulay duration for bonds paying annual and s…
62
Question Crunch: Macaulay duration (for the CFA Level 1 exam)
Question Crunch: Macaulay duration (for the CFA Level 1 exam) tests topics covered in Lesson 4, Learning Module 10 of th…
63
Computing modified duration (for the CFA Level 1 exam)
Computing modified duration (for the CFA Level 1 exam) explores the steps needed to calculate modified duration for a co…
64
Applications of duration (for the CFA Level 1 exam)
Applications of duration (for the CFA Level 1 exam) explores the application of modified duration to the assessment of e…
65
Money duration and PVBP (for the CFA Level 1 exam)
Money duration and PVBP (for the CFA Level 1 exam) examines the properties of money duration and the Price Value of a Ba…
66
Properties of duration (for the CFA Level 1 exam)
Properties of duration (for the CFA Level 1 exam) discusses the relationship between a bond's duration and its:
- coupon…
67
Question Crunch: Duration measures and properties (for the CFA Level 1 exam)
Question Crunch: Duration measures and properties (for the CFA Level 1 exam) tests topics covered in Learning Module 11 …
68
Bond convexity (for the CFA Level 1 exam)
Bond convexity (for the CFA Level 1 exam) examines:
- the logic behind the convexity adjustment,
- the factors impacting…
69
Convexity adjustment (for the CFA Level 1 exam)
Convexity adjustment (for the CFA Level 1 exam) explores the computation of the predicted change in bond price due to th…
70
Portfolio duration and convexity (for the CFA Level 1 exam)
Portfolio duration and convexity (for the CFA Level 1 exam) explores the computation of weighted average duration and co…
71
Question Crunch: Convexity (for the CFA Level 1 exam)
Question Crunch: Convexity (for the CFA Level 1 exam) tests topics covered in Learning Module 12 of the Fixed Income sec…
72
Curve based interest rate risk measures (for the CFA Level 1 exam)
Curve based interest rate risk measures (for the CFA Level 1 exam) discusses the need for and application of effective d…
73
Key rate and empirical duration (for the CFA Level 1 exam)
Key rate and empirical duration (for the CFA Level 1 exam) discusses the need for and applications of key rate duration …
74
Question Crunch: Curve-based and empirical fixed-income risk measures (for the CFA Level 1 exam)
Question Crunch: Curve-based and empirical fixed-income risk measures (for the CFA Level 1 exam) tests topics covered in…
75
Sources of credit risk (for the CFA Level 1 exam)
Sources of credit risk (for the CFA Level 1 exam) discusses:
- the Cs of credit analysis (bottom-up and top-down factors…
76
Credit rating agencies and credit ratings (for the CFA Level 1 exam)
Credit rating agencies and credit ratings (for the CFA Level 1 exam) discusses:
- the role of credit rating agencies and…
77
Factors impacting yield spreads (for the CFA Level 1 exam)
Factors impacting yield spreads (for the CFA Level 1 exam) discusses the impact of:
- macroeconomic,
- market, and
- iss…
78
Sovereign credit analysis (for the CFA Level 1 exam)
Sovereign credit analysis (for the CFA Level 1 exam) discusses the qualitative and quantitative factos taking into accou…
79
Non-sovereign credit risk (for the CFA Level 1 exam)
Non-sovereign credit risk (for the CFA Level 1 exam) discusses the issues specific to analysing the credit risk of:
- go…
80
Assessing corporate creditworthiness (for the CFA Level 1 exam)
Assessing corporate creditworthiness (for the CFA Level 1 exam) discusses the qualitative and quantitative factors typic…
81
Financial ratios in corporate credit analysis (for the CFA Level 1 exam)
Financial ratios in corporate credit analysis (for the CFA Level 1 exam) examines the three most common groups of financ…
82
Seniority rankings, recovery rates, credit ratings (for the CFA Level 1 exam)
Seniority rankings, recovery rates, credit ratings (for the CFA Level 1 exam) discusses:
- the significance of the senio…
83
The benefits of securitization (for the CFA Level 1 exam)
The benefits of securitization (for the CFA Level 1 exam) discusses:
- the basic mechanics of securitization,
- the main…
84
The securitization process (for the CFA Level 1 exam)
The securitization process (for the CFA Level 1 exam) discusses the steps in volved in securitization with a focus on th…
85
Covered bonds (for the CFA Level 1 exam)
Covered bonds (for the CFA Level 1 exam) discusses the underlying characteristics and uses of covered bonds, including t…
86
ABS structures to address credit risk (for the CFA Level 1 exam)
ABS structures to address credit risk (for the CFA Level 1 exam) discusses internal and external credit enhancements, in…
87
Non-mortgage ABS (for the CFA Level 1 exam)
Non-mortgage ABS (for the CFA Level 1 exam) discusses the features of amortizing and non-amortizing asset-backd securiti…
88
Collateralized Debt Obligations (for the CFA Level 1 exam)
Collateralized Debt Obligations (for the CFA Level 1 exam) discusses the features of CLOs (Collateralized Loan Obligatio…
89
Time tranching (for the CFA Level 1 exam)
Time tranching (for the CFA Level 1 exam) discusses the two components of prepayment risk:
- contraction risk, and
- ext…
90
Mortgage loans and their characteristics (for the CFA Level 1 exam)
Mortgage loans and their characteristics (for the CFA Level 1 exam) discusses the computation of residential mortgage me…
91
RMBS (for the CFA Level 1 exam)
RMBS (for the CFA Level 1 exam) discusses the logic and mechanics of Residential Mortgage-Backed Securities with particu…
92
CMBS (for the CFA Level 1 exam)
CMBS (for the CFA Level 1 exam) discusses the primary characteristics of Commercial Mortgage-Backed Securities, with a f…