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Layer 4 · Professional CertificationsCFA® Level 1Exam: CFA Institute

CFA® L1 — Fixed Income

Bond pricing, yield, duration, convexity, credit risk, securitised products. Where most candidates struggle, and why.

35 hours of content1 chaptersFree during Phase 1

Quick info

Layer
Professional Certifications
Track
CFA® Level 1
Estimated hours
35 hrs
Chapters
1
Exam body
CFA Institute
Cost on Trustner
Free
Full course material live

Every chapter below has Foundation, Deep Dive, and Advanced material — read in any order, expand each chapter to see the full content.

About this course

Fixed Income at CFA L1: bond pricing, yield, duration, convexity, credit risk, securitised products. ~10-12% of L1 weight. Where most candidates struggle.

Who this is for

  • CFA L1 candidates.
  • Fixed-income analysts and treasury professionals.

What you'll learn

  • Bond cash-flow structures and price-yield relationship
  • Duration and convexity
  • Yield curves, term structure, credit spreads
  • Securitised products — MBS, ABS basics

Course material — 1 chapters

Each chapter offers three tiers — Foundation for the core concept, Deep Dive for worked examples and practitioner depth, and Advanced for edge cases and exam tips. Click any chapter to expand.

  1. 1
    Reading 1

    Bond pricing and yield

    • Time value of money for bonds
    • YTM, current yield, realised return
    ✓ Full chapter — read, examples, FAQ, MCQs

About the exam

Provider
CFA Institute

Note: ~10-12% of CFA L1 weight.

The exam is administered by CFA Institute. Trustner Academy is not affiliated with CFA Institute; we provide independent preparatory educational material. See our disclaimer.

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