Browse CFA Level 2

Chapter 29: Global Bonds and Currency Risk

In this section

  • Currency Exposure and Hedging Techniques
    Discover how currency fluctuations affect global bond investments, plus practical hedging strategies and operational details to manage FX risk in your fixed income portfolio.
  • Local-Currency vs. Hard-Currency Debt
    Explore local-currency vs. hard-currency debt in global fixed income, focusing on currency risk, credit and sovereign risk, and liquidity considerations for CFA Level II.
  • Emerging Market Fixed Income Risks
    A deep dive into the unique risk factors, macro influences, and hedging tactics that define investing in emerging market fixed income assets.
  • Vignette: FX Impact on Global Bond Portfolios
    Explore how currency fluctuations can amplify or reduce returns in global bond investments through a practical vignette, including data analysis, hedged vs. unhedged scenarios, and stress-testing techniques.
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Chapter 28: Performance Evaluation in Fixed Income
Chapter 30: Special Topics—Inflation-Linked Bonds