Fixed-Income Markets: Issuance, Trading, and Funding

Fixed-Income Markets: Issuance, Trading, and Funding for the CFA Level 1 Exam

Ready to explore the ins and outs of fixed-income markets? In this article, we’ll journey through the various aspects of issuance, trading, and funding in the fixed income world. Let’s get started, future fixed-income gurus!

Overview of Global Fixed Income Markets

Get ready to don your financial detective hat as we explore the fascinating world of global bond markets! We’ll start our investigation by identifying bonds based on the issuer, taxable status, and credit quality, before diving into the currency of issuance and geography. Our exploration will further take us to the realms of original maturity, coupon structure, and indexing. We’ll also uncover the differences between emerging and developed markets, and look at examples from various companies.

►Ready to unlock the mysteries of the bond market? Start your investigative journey here.

Primary and Secondary Bond Markets

Feeling tied down? Let’s loosen those bonds! We’ll uncover the mysteries of primary and secondary bond markets, including how bonds are issued, traded, and priced. From public offerings to private placements, we’ve got you covered. So, buckle up and let’s embark on this bond voyage together!

► Jump on the bond wagon here.

Bonds from Government and Government-related Sectors

In this lesson, we’re pulling back the curtain on the world of government and government-related bond sectors. You’ll discover the nitty-gritty details of bonds from sovereign to non-sovereign, and even take a peek into the realm of the quasi-government bonds. And in case you’ve ever wondered why the World Bank or IMF issue bonds, we’ll unravel the mystery of supranational bonds too!

► Delve deeper into the fixed income markets here.

Corporate Debt

Get ready to dive headfirst into the world of corporate debt, where bank loans, commercial paper, and corporate bonds hold court! By the end of this whirlwind tour, you’ll master the intricacies of bilateral and syndicated loans, you’ll decipher the cryptic world of US and Euro commercial paper, and you’ll navigate the labyrinthine structures of corporate bonds. But don’t worry, we’ve got your back every step of the way – you might even have a few laughs!

► Click to kickstart your corporate debt adventure here.

Structured Financial Instruments

In this lesson, we’re going to cook up a four-course financial feast! We’ll start with a safe appetizer – Capital Protected Instruments. Then, we’ll spice things up with Yield Enhancement Instruments, the hot sauce of our meal. For the main course, we’ll serve Participation Instruments, giving you a taste of different assets. And finally, for dessert, we get a sugar rush with Leveraged Instruments – sweet, but not for the faint-hearted!

►Hungry for some financial wisdom? Get your cutlery ready and dig in here.

Short-Term Funding for Banks

Who’s ready to rock the world of short-term banking finance? We’ll be decoding the complex lingo of retail deposits, certificates of deposit, reserve funds, interbank funds, and repurchase agreements. Warning: high chances of becoming a banking superstar after this lesson!

► Ready to conquer the finance world? Start here.