Browse CFA Level 2

Chapter 2: Fixed Income Instruments Overview

In this section

  • Types of Bonds: Government, Corporate, Securitized
    Explore the core categories of bonds—government, corporate, and securitized—to deepen your understanding of credit risk, liquidity, maturities, and how each instrument fits into a diversified fixed income portfolio.
  • Coupon Structures and Day Count Conventions
    Understand different coupon bond structures, day count conventions, and how they affect accrued interest, pricing, and yield for successful CFA Level II Fixed Income mastery.
  • Floating-Rate Notes and Step-Up Bonds
    Explore how floating-rate notes (FRNs) and step-up bonds function, their valuation nuances, and key risk-return considerations in CFA® Level II fixed income.
  • Vignette Example: Identifying Bond Features
    Learn how to interpret a bond’s key features through a short item-set style scenario, focusing on coupon structure, day count conventions, issuer type, and embedded options.
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Chapter 1: Orientation to Level II Fixed Income
Chapter 3: Yield Measures and Bond Pricing Basics