CFAI Fixed Income Practice Problems – Volume 6 (2026)

Overview

Official CFA Institute practice problems for Fixed Income, sourced from the CFA Program curriculum Volume 6. These end-of-chapter questions align with the 19 Fixed Income modules and their respective Learning Outcome Statements (LOS).

Structure

Practice problems are organized by module and stored in cfai.

Module	Topic	LOS
M01	FI Instrument Features	1.a–1.b
M02	FI Cash Flows and Types	2.a–2.b
M03	FI Issuance and Trading	3.a–3.c
M04	FI Markets for Corporate Issuers	4.a–4.b
M05	FI Markets for Government Issuers	5.a–5.b
M06	FI Bond Valuation: Prices and Yields	6.a–6.c
M07	Yield and Yield Spread Measures for Fixed-Rate Bonds	7.a–7.b
M08	Yield and Yield Spread Measures for Floating-Rate Instruments	8.a–8.b
M09	Term Structure of Interest Rates	9.a–9.c
M10	Interest Rate Risk and Return	10.a–10.c
M11	Yield-Based Bond Duration Measures and Properties	11.a–11.b
M12	Yield-Based Bond Convexity and Portfolio Properties	12.a–12.c
M13	Curve-Based and Empirical FI Risk Measures	13.a–13.d
M14	Credit Risk	14.a–14.d
M15	Credit Analysis for Government Issuers	15.a
M16	Credit Analysis for Corporate Issuers	16.a–16.c
M17	FI Securitization	17.a–17.b
M18	ABS Instrument and Market Features	18.a–18.d
M19	MBS Instrument and Market Features	19.a–19.d

Usage

• Work through problems after completing each module
• Focus on LOS alignment — each question maps to specific learning outcomes
• Review incorrect answers against the relevant module notes