December 2020 CFA Level 1: Study Session 14. Fixed Income I - Reading 43. Fixed-Income Markets: Issuance, Trading, and Funding

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	Reading 43. Fixed-Income Markets: Issuance, Trading, and Funding
	1. Classification of Fixed-Income Markets a. describe classifications of global fixed-income markets; b. describe the use of interbank offered rates as reference rates in floating-rate debt;
	2. Primary and Secondary Bond Markets c. describe mechanisms available for issuing bonds in primary markets; d. describe secondary markets for bonds;
	3. Sovereign Bonds, Non-Sovereign Bonds, Quasi-Government Bonds, and Supranational Bonds e. describe securities issued by sovereign governments; f. describe securities issued by non-sovereign governments, quasi-government entities, and supranational agencies;
	4. Corporate Debt g. describe types of debt issued by corporations;
	5. Short-Term Funding Alternatives Available to Banks h. describe short-term funding alternatives available to banks; i. describe repurchase agreements (repos) and the risks associated with them.