6 items with this tag.
Topic 15: Credit Analysis for Government Issuers Learning Objectives Coverage LO1: Explain special considerations when evaluating the credit of sovereign and non-sovereign government debt issuers and issues Core Concept exam-focus credit-analysis Government credit analysis evaluates the ability and ...
Topic 5: Fixed-Income Markets for Government Issuers Learning Objectives Coverage LO1: Describe funding choices by sovereign and non-sovereign governments, quasi-government entities, and supranational agencies Core Concept exam-focus Government funding encompasses various debt issuance mechanisms by...
Topic 6: Fixed-Income Bond Valuation: Prices and Yields Learning Objectives Coverage LO1: Calculate a bond’s price given a yield-to-maturity on or between coupon dates Core Concept Bond pricing is the application of discounted cash flow analysis — grounded in the time value of money concepts from Qu...
Topic 13: Curve-Based and Empirical Fixed-Income Risk Measures Learning Objectives Coverage LO1: Explain why effective duration and effective convexity are the most appropriate measures of interest rate risk for bonds with embedded options Core Concept exam-focus Effective duration and convexity mea...
Topic 7: Yield and Yield Spread Measures for Fixed-Rate Bonds Learning Objectives Coverage LO1: Calculate annual yield on a bond for varying compounding periods in a year Core Concept Definition: Bond yields can be expressed with different compounding frequencies (periodicity), requiring conversion ...
Topic 9: The Term Structure of Interest Rates: Spot, Par, and Forward Curves Learning Objectives Coverage LO1: Define spot rates and the spot curve, and calculate the price of a bond using spot rates Core Concept Definition: Spot rates are the yields on zero-coupon bonds for various maturities, repr...