Master the Fixed Income Issuance & Trading reading for CFA® Level I. Jim explains market segments (by maturity, issuer type, and credit quality), investment-grade vs high-yield, on-the-run Treasuries, distressed debt, and how primary vs. secondary markets work (underwritten vs best-efforts, private placements, reopenings). We also compare fixed-income indexes (Bloomberg Global Aggregate, JPM EMBI, Euro Corp SRI) and discuss turnover, weighting, and rebalancing.
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Topic 7 – Fixed Income
Learning Module 3 – Fixed Income Issuance and Trading
LOS : Describe fixed-income market segments and their issuer and investor participants.
LOS : Describe types of fixed-income indexes.
LOS : Compare primary and secondary fixed-income markets to equity markets.
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