Overview of Fixed-Income Portfolio Management (2024 Level III CFA® Exam – Reading 10)

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Topic 4 – Fixed-Income Portfolio Management
Reading 10 – Overview of Fixed-Income Portfolio Management
LOS : Discuss roles of fixed-income securities in portfolio and how fixed income mandates may be classified.
LOS : Describe fixed-income portfolio measures of risk and return as well as correlation characteristics.
LOS : Describe bond market liquidity, including the differences among market sub-sectors, and discuss the effect of liquidity on fixed-income portfolio management.
LOS : Describe and interpret a model for fixed income returns.
LOS : Discuss the use of leverage, alternative methods for leveraging, and risks that leverage creates in fixed-income portfolios.
LOS : Discuss differences in managing fixed-income portfolios for taxable and tax-exempt investors.