The Term Structure of Interest Rates: Spot, Par, and Forward Curves
Free CFA Level I lesson in Fixed Income. 11 min read, ~1,681 words.
The Learning Outcome Statements for this reading are: define spot rates and the spot curve, and calculate the price of a bond using spot rates; define par and forward rates, and calculate par rates, forward rates from spot rates, spot rates from forward rates, and the price of a bond...
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What this lesson covers
- Content
- Example 1
- Example 2
- Common Mistakes
- Key Takeaways
- Exam Shortcuts
Learning objectives
- term structure spot par forward
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