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300Hours: Finance Certifications Hub for CFA, FRM & CAIA

cfa level 1 fixed income cheat sheet

CFA Level 1 Fixed Income: Our Cheat Sheet

Sophie Macon

7 Feb 2026

CFA, CFA Level 1

CFA Level 1 fixed income quick reference (2026 curriculum): Coverage: 19 learning modules, 11-14% of exam (20-25 questions) Key topics: Bond pricing & valuation, duration & convexity, yield measures, credit analysis, MBS/ABS/CDOs Critical formulas: Modified duration, effective duration, convexity, Z-spread, OAS, repo pricing, CPR/SMM Common pitfalls: Confusing callable vs. putable bond pricing, Z-spread vs. OAS, Macaulay vs. modified duration How to use: Bookmark for quick formula lookup during practice questions. Focus on duration/convexity calculations (heavily tested) and yield spread measures (G-spread, I-spread, Z-spread, OAS). Fixed income ...