CFA Level I

## Overview

Our free CFA Level I Fixed Income notes cover everything you need to know for this module. From features and risks of debt securities, issuance trading and funding, to valuation and term structure, we've got you covered. Whether you're in a classroom or taking the self-study route, these notes provide added peace of mind, knowing that you have everything you need to help consolidate and revise effectively for CFA Level I exam. Think something could be better? [Give us a shout on our contact page](/contact), and we'll take a look.

We've created comprehensive study guides for all CFA Level I topics. Check out our other free notes below:

- [Ethical and Professional Standards](./cfa-level1-ethical-and-professional-standards)
- [Quantitative Methods](./cfa-level1-quantitative-methods)
- [Economics](./cfa-level1-economics)
- [Financial Statement Analysis](./cfa-level1-financial-statement-analysis)
- [Corporate Issuers](./cfa-level1-corporate-issuers)
- [Equity Investments](./cfa-level1-equity-investments)
- [Fixed Income](./cfa-level1-fixed-income)
- [Derivatives](./cfa-level1-derivatives)
- [Alternative Investments](./cfa-level1-alternative-investments)
- [Portfolio Management and Wealth Planning](./cfa-level1-portfolio-management-and-wealth-planning)

## 1. Features and risks of debt securities

- [Bond cash flows and embedded options](./cfa-level1-features-and-risks-of-debt-securities-bond-cash-flows-and-embedded-options)
- [Yield measures and price yield relationship](./cfa-level1-features-and-risks-of-debt-securities-yield-measures-and-price-yield-relationship)
- [Duration convexity and interest rate risk](./cfa-level1-features-and-risks-of-debt-securities-duration-convexity-and-interest-rate-risk)

## 2. Issuance trading and funding

- [Primary markets and securitization](./cfa-level1-issuance-trading-and-funding-primary-markets-and-securitization)
- [Repos and money market instruments](./cfa-level1-issuance-trading-and-funding-repos-and-money-market-instruments)
- [Credit analysis and ratings](./cfa-level1-issuance-trading-and-funding-credit-analysis-and-ratings)

## 3. Valuation and term structure

- [Spot rates forward rates and no arbitrage](./cfa-level1-valuation-and-term-structure-spot-rates-forward-rates-and-no-arbitrage)
- [Yield curves and bootstrapping](./cfa-level1-valuation-and-term-structure-yield-curves-and-bootstrapping)
- [Credit spreads and oas basics](./cfa-level1-valuation-and-term-structure-credit-spreads-and-oas-basics)


Free CFA Level I Fixed Income Study Guide