Part 1: Background -- Overview of the types and features of fixed income securities -- Risks associated with investing in fixed income securities -- Bond market indexes -- Electronic trading for fixed income markets -- Macro-economic dynamics and the corporate bond market -- Bond pricing, yield measures and total return -- Measuring interest-rate risk -- The structure of interest rates -- Part 2: Government securities and corporate debt obligations -- U.S. treasury securities -- Agency debt securities -- Municipal bonds -- Corporate bonds -- Leveraged loans -- Convertible securities and their investment application -- Structured notes and credit-linked notes -- Private money market instruments -- Floating-rate securities -- Inflation-linked bonds -- International bond markets and instruments -- Emerging markets debt -- Fixed income exchange traded funds -- Convered bonds -- Nonconvertible preferred stock -- Part 3: Securitized products -- An overview of mortgages and the mortgage market -- Agency mortgage-backed securities -- Agency collateralized mortgage obligations -- The effect of agency CMO PAC bond features on performance -- Agency CMO Z-bonds -- Support bonds with schedules in agency CMO deals -- Stripped mortgage-backed securities -- Nonagency residential mortgage-backed securities -- Commercial mortgage-backed securities -- Credit card asset-backed securities -- Securities backed by auto loans and leases, equipment loans and leases, and student loans -- Collateralized loan obligations -- Part 4: Term structure of interest rates -- Overview of forward rate analysis -- A framework for analyzing yield-curve trades -- Empirical yield-curves dynamics and yield-curve exposure -- Term structure modeling with no-arbitrage interest rate models -- Part 5: Valuation modeling -- Valuation of bonds with embedded options -- Valuation of agency mortgage-backed securities -- Convertible securities: their structures, valuation, and trading -- Part 6: Credit risk -- Credit analysis for corporate bonds -- The credit analysis of municipal general obligation and revenue bonds -- Credit-risk modeling -- Part 7: Multifactor risk models -- Introduction to multifactor risk models in fixed income and their applications -- Analyzing risk from multifactor fixed income models -- Hedging interest-rate risk with term-structure factor models -- Part 8: Bond portfolio management -- Introduction to bond portfolio management -- Quantitative management of benchmarked portfolios -- Global credit bond portfolio management -- Element of managing a high-yield bond portfolio -- International bond portfolio management -- Fixed income transition management -- Managing the spread risk of credit portfolios using the duration times spread measure -- Investing in distressed structured credit securities -- Hedge fund fixed income strategies -- Financing positions in the bond market -- Part 9: Derivatives -- Introduction to interest-rate futures and options contracts -- Pricing futures and portfolio applications -- Controlling interest-rate risk with futures and options -- Interest-rate swaps and swaptions -- The valuation of interest-rate swaps and swaptions -- The basics of interest-rate options -- Interest-rate caps and floors -- Credit derivatives -- Credit derivatives valuation and risk -- Hedging tail risk -- Part 10: Performance evaluation and return attribution analysis -- Principles of performance attribution -- Performance attribution for portfolios of fixed income securities -- Advanced topics in performance attribution -- Appendix: Methodology for calculating currency exposures in bond portfolios and indexes.