Fixed income, known to be one of the largest segments of global financial markets has been rated as one of the most difficult courses by most CFA candidates. Thiscourse is divided intothree sections as follows:1. The first section introduces elements that define and characterize fixed-income securities;2. The second section describes the primary issuers, sectors, and types of bonds;3. The third section introduces calculation and interpretation of prices, yields, and spreads for fixed-income securities; market conventions for price/yield calculations and quotations; and spot rates, forward rates, and alternative definitions of a yield curve.