Blog Posts

CFA Level 3: Business Cycle Playbook

World economic growth rates are expected to be positive in the future. One country might grow rapidly while another may experience slower growth. However, growth is never linear. Economic growth...

CFA Level 3: The implementation shortfall (IS) – Quick Insight

The implementation shortfall (IS) metric is most important measure of trade cost used in finance. It’s important to note that: It’s ex post (after the trade). Provide total cost measure...

CFA Level 3: Options – Introduction

Options: Introduction This is meant to be comprehensive series about options. Whether you’re a CFA student seeking to deepen your understanding or someone new to the world of options, this...

CFA Level 3: Swaption – all you need to know

Basic Knowledge: Understanding the Similarities Between Options and Interest Rate Swaps. What is an Option? What is a Swap? Swaptions on interest rates are just options on interest rate. Swaption =...

CFA Level 3: Yield Curve Moves, Part 4 – Practise! Vignette 2

You can learn through various methods such as reading, memorizing, using flashcards, and more. However, one of the best ways to learn is by practicing and taking tests! So, let’s practice. Here...

CFA Level 3: Yield Curve Moves, Part 4 – Practise! Vignette 1

You can learn through various methods such as reading, memorizing, using flashcards, and more. However, one of the best ways to learn is by practicing and taking tests! So, let’s practice. Here...

CFA Level 3: Yield Curve Moves, Part 3 – Twists, Barbell vs Bullet, Rolling Down the Yield Curve

Read this, and you will never struggle with yield curve movement questions again! This is the third article about this topic. Check the other two: CFA Level 3: Yield Curve Moves, Part 1 – Level and...

CFA Level 3: Yield Curve Moves, Part 2 – Shifts Additional Points – Inverted Curve

Read this, and you will never struggle with yield curve movement questions again! This is the second article about this topic. Check the other two: CFA Level 3: Yield Curve Moves, Part 1 – Level and...

CFA Level 3: Yield Curve Moves, Part 1 – Level and Slope – Shifts

Read this, and you will never struggle with yield curve movement questions again! This is the first article about this topic. Check the other two: CFA Level 3: Yield Curve Moves, Part 2 – Shifts...