Free Questions › CFA › Fixed Income

Free CFA Fixed Income Practice Questions & Answers

900 exam-style Fixed Income questions. Pick your answer, hit Check answer, and see the worked solution — free to start, no signup.

100% free · No login to start

Question 151

Spot Rate Bootstrapping A 2‑year bond has coupon 3%, price 99, and the 1‑year spot rate is 2%. What is the 2‑year spot rate?

Select an option first.

Question 152

Survival Probability Hazard = 4%. 5‑year survival?

Select an option first.

Question 153

Curve Strategy Expect bear steepening. Best strategy?

Select an option first.

Question 154

Risky Bond Price Risk‑free DF = 0.95, hazard = 3%, recovery = 40%. Expected payoff?

Select an option first.

Question 155

The Ho‑Lee model is:

Select an option first.

Get the full CFA question bank — free

Drop your email and we'll send you fresh CFA practice questions, fully worked solutions and exam-deadline reminders. No spam — unsubscribe in one click.

Want to save your score and take a full mock exam? Create a free account →

Question 156

The Vasicek model has:

Select an option first.

Question 157

CIR model ensures:

Select an option first.

Question 158

BDT (Black‑Derman‑Toy) is typically calibrated to:

Select an option first.

Question 159

A key advantage of Hull‑White vs Vasicek:

Select an option first.

Question 160

In a recombining binomial short‑rate tree, calibration ensures:

Select an option first.

Question 161

In BDT, the short rate is:

Select an option first.

Question 162

Post‑crisis, the standard discount curve for collateralized derivatives is:

Select an option first.

Question 163

In a multi‑curve framework, forward rates for 3‑month LIBOR are derived from:

Select an option first.

Question 164

Bootstrapping the OIS curve uses:

Select an option first.

Question 165

A FRA priced under multi‑curve uses:

Select an option first.

Question 166

The main reason for multi‑curve adoption was:

Select an option first.

Question 167

A nominal 10‑year yield is 4%, real yield is 1.5%. Breakeven inflation is:

Select an option first.

Question 168

If realized inflation exceeds breakeven, TIPS (real bonds) vs nominals:

Select an option first.

Question 169

Inflation‑linked bonds typically adjust:

Select an option first.

Question 170

An inflation swap where you pay fixed and receive realized inflation benefits you if:

Select an option first.

Question 171

In a general collateral (GC) repo, the main driver of the repo rate is:

Select an option first.

Question 172

Implied repo rate arbitrage involves:

Select an option first.

Question 173

A higher haircut in repo:

Select an option first.

Question 174

Nelson‑Siegel model primarily fits:

Select an option first.

Question 175

PCA of yield curve changes typically finds:

Select an option first.

Question 176

A parallel shift is mainly captured by:

Select an option first.

Question 177

A steepening of the curve (long rates up, short rates down) is mainly:

Select an option first.

Question 178

Monte Carlo simulation in fixed income is especially useful when:

Select an option first.

Question 179

The loss given default (LGD) is best defined as:

Select an option first.

Question 180

A bond has an exposure of 100, a recovery rate of 40%, and a probability of default of 5% over one year. What is the expected loss over one year?

Select an option first.

Before you go, can we ask you one thing?

Thank you

Free CFA Fixed Income Practice Questions & Answers

Privacy Preference

Before you go, can we ask you one thing?

Thank you