## Overview

Our free CFA Level III Fixed-Income Portfolio Management notes cover everything you need to know for this module. From yield curve and duration strategies, credit and securitized strategies, to immunization and liability management, we've got you covered. Whether you're intensively reviewing or looking to solidify specific concepts, these notes provide added peace of mind, knowing that you have a comprehensive resource to help consolidate and revise effectively for CFA Level III. Think something could be better? [Give us a shout on our contact page](/contact), and we'll take a look.

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

- [Ethical and Professional Standards](./cfa-level3-ethical-and-professional-standards)
- [Behavioral Finance](./cfa-level3-behavioral-finance)
- [Private Wealth Management](./cfa-level3-private-wealth-management)
- [Institutional Investors](./cfa-level3-institutional-investors)
- [Capital Market Expectations](./cfa-level3-capital-market-expectations)
- [Asset Allocation and Portfolio Construction](./cfa-level3-asset-allocation-and-portfolio-construction)
- [Fixed-Income Portfolio Management](./cfa-level3-fixed-income-portfolio-management)
- [Equity Portfolio Management](./cfa-level3-equity-portfolio-management)
- [Derivatives and Currency Management](./cfa-level3-derivatives-and-currency-management)
- [Alternative Investments and Private Markets](./cfa-level3-alternative-investments-and-private-markets)
- [Risk Management](./cfa-level3-risk-management)
- [Trading Execution and Rebalancing](./cfa-level3-trading-execution-and-rebalancing)
- [Performance Evaluation and Attribution](./cfa-level3-performance-evaluation-and-attribution)

## 1. Yield curve and duration strategies

- [Carry roll-down and curve trades](./cfa-level3-yield-curve-and-duration-strategies-carry-roll-down-and-curve-trades)
- [Duration convexity and key rate duration](./cfa-level3-yield-curve-and-duration-strategies-duration-convexity-and-key-rate-duration)
- [Active term structure strategies](./cfa-level3-yield-curve-and-duration-strategies-active-term-structure-strategies)

## 2. Credit and securitized strategies

- [Credit migration and default risk management](./cfa-level3-credit-and-securitized-strategies-credit-migration-and-default-risk-management)
- [Sector rotation and security selection](./cfa-level3-credit-and-securitized-strategies-sector-rotation-and-security-selection)
- [MBS prepayment modeling and oas](./cfa-level3-credit-and-securitized-strategies-mbs-prepayment-modeling-and-oas)

## 3. Immunization and liability management

- [Single and multifactor immunization](./cfa-level3-immunization-and-liability-management-single-and-multifactor-immunization)
- [Cash flow matching and contingent immunization](./cfa-level3-immunization-and-liability-management-cash-flow-matching-and-contingent-immunization)
- [Performance attribution and risk decomposition](./cfa-level3-immunization-and-liability-management-performance-attribution-and-risk-decomposition)


Free CFA Level III Fixed-Income Portfolio Management Study Guide