CFA Level 1 Full Course: Interest Rate Risk and Return

Подписаться 10 тыс.

50% 1

Welcome to the CFA Level 1 full course. This free, comprehensive playlist is designed to provide in-depth teaching on the CFA Level 1 2024 curriculum. Whether you're seeking detailed CFA video lessons or tutorials on CFA basics, this series has you covered. Each video in this CFA Level 1 full course offers clear explanations and thorough review to ensure you grasp all the key concepts. Perfect for candidates preparing for the 2024 exam, these CFA lectures will help you master the material and succeed in your studies. Dive into the CFA level 1 2024 curriculum content and elevate your understanding with the expert guidance of Martin Stoynov, a CFA teacher since 2007.
This reading focuses on interest rate risk and return.
🔍 What You Will Learn:
Sources of bond return
Calculating bond returns
Sources of interest rate risk
Macaulay duration
Duration gap
📚 Try my question-based revision with handwritten, logical solutions of key concepts and computations. Subscribe now at www.stoynov.co... for an unbeatably low monthly price. This also supports the development of the RU-vid channel!
📚 Looking for live tuition to enhance your CFA preparation? Whether you need a last-minute exam clinic, want to refine your study strategy, or seek expert guidance on specific practice questions, I'm here to help.
📩 Email me at stoynov.financial@gmail.com or message me on LinkedIn to book your individual or group session today. Let's maximise the quality of your study hours and boost your confidence for the big day!
LinkedIn: / mstoynov
CFA 1 Newsletter: www.stoynov.co...

Опубликовано:

15 сен 2024

Ссылка:

Скачать:

Готовим ссылку...

Добавить в:

Мой плейлист

Посмотреть позже

Комментарии : 34

@mstoynov 2 месяца назад

📚 Try my question-based revision with handwritten, logical solutions of key concepts and computations. Subscribe now at www.stoynov.co.uk/revision for an unbeatably low monthly price. This also supports the development of the RU-vid channel!

@EnglishByMerit 28 дней назад

Seriously, thank you. You changed the study game for me, and I’m very grateful.

@mstoynov 28 дней назад

Happy to help!

@raghavkakkar9035 2 дня назад

I was struggling so much with this topic, thank you so much for this Martin

@mstoynov 2 дня назад

You're welcome!

@EnglishByMerit 28 дней назад

Thanks again for these videos. Very helpful One useful thing I found on Reddit that could be a good addition to this video is how to do the Macauley duration without the professional BA-II Plus by using the CF worksheet and multiplying each CF by the corresponding number (e.g. CF2 by 2, CF3 by 3, etc.).

@mstoynov 28 дней назад

In the video, we illustrate how to do this from first principles in Excel which seems similar to your suggestion. However bear in mind that you are multiplying the time period by the weight of each cash flow which is calculated as pv of cash flow / bond price.

@olufadeobaloluwa1132 Месяц назад

Thank you very much for your lessons

@mstoynov Месяц назад

You are welcome!

@cfasuprith 2 месяца назад

dont be dishearten this is a long term game and you are an amazing teacher more love and support to you.

@mstoynov 2 месяца назад

Words of wisdom!

@martijntjeeh 2 месяца назад

@@mstoynovagreed, your videos are great!

@cfasuprith 2 месяца назад

Keep doing the good work king, more power to you

@mstoynov 2 месяца назад

Thank you, I will!

@KayvanShah-y8k 27 дней назад

Thank you so much sir!!1

@mstoynov 27 дней назад

Thank you friend!

@mokshitbhalla5218 27 дней назад

Man i love you

@mstoynov 27 дней назад

Keep pushing!

@Dr.Investor465 Месяц назад

You are really doing a great job Thank you Brother ❤

@mstoynov Месяц назад

It's my pleasure

@VibeVault8105 2 месяца назад

Hey Martin, great work on the videos, my exam is in August. And I really hope to see you cover atleast the most important subjects as soon as possible like Quant, Eco, derivatives and portfolio mng.. Would love to see those videos soon.. thanks

@mstoynov 2 месяца назад

Next, we will go into derivatives as it's a nice and technical area.

@rahulkirar2023 24 дня назад

Sir, how face value is calculated by calculator at 9:45 , without knowing present value? In cases where present value is not input in calculator, what inputs it take as present value ?

@mstoynov 24 дня назад

In this case we are calculating the future value of the coupons inclusive of reinvestment income.

@rahulkirar2023 24 дня назад

@@mstoynov okay, thanks for reply sir, but when i put same values in BA Calculator, the values are different

@danb938 24 дня назад

Having the same issue. My BAII plus gives me FV of 220.46

@danb938 24 дня назад

Just cleared everything and got the correct answer. Not sure how the settings on my BAII got changed

@olufadeobaloluwa1132 Месяц назад

A quick question - When calculating the duration, how do we effect the change on the calculator, if the question says between coupon dates of 57 days after issuance i.e 57 days in the future (so rather than t/T = 0 like at issuance, t/T = 57/360, and each cash flow’s time to receipt is 57 days earlier.). I have tried tweaking the inputs in the calculator, but been unable to arrive at the answer.

@mstoynov Месяц назад

You need to set the settlement date accordingly.

@olufadeobaloluwa1132 Месяц назад

@@mstoynov Thank you for your response, you've literally just made my day. I tried adjusting the settlement date on the calculator, but still didn't arrive at the answer. The question is as below: Coupon 6.20%, Coupon frequency per year - 1, Price per 100 par value-100, Yield-to-maturity 6.20%, Settlement date - 15 October 2025, Maturity -15 October 2035, Years to maturity 10. The tweak came as below: Compute the Macaulay duration for the bond between coupon dates-specifically, on 11 December 2025, 57 days after issuance. My answer after inputing the figures in my calculator was 7.656 (Macaulay duration),. Below were my inputs: SDT - 11 December 2025 CPN - 6.2% RDT - 15 October 2035 Yield - 6.2% Mod Dur - 7.209 The right answer was 7.5845 (Macaulay duration).

@cfasuprith 2 месяца назад

@27:39 i coundnt see the dur option after PRI what could be the problem? im using BA II plus,

@mstoynov 2 месяца назад

You need the 'Professional' version for duration. Otherwise, it needs to be calculated the long way.