CFA UK Fixed Income Pathway - Credit (3 of 4)

Wednesday 06 May 2026 | 13:00 - 13:50 | Webinar

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Join us for a focused, practitioner‑driven exploration of global credit markets. We begin by breaking down the essentials of credit spreads, how they’re measured, what drives returns, and how factors like spread volatility and convexity.

You’ll gain a clear understanding of core credit fundamentals, including valuation frameworks, the anatomy of credit cycles, and the key components of issuer analysis such as cash flows, leverage, governance, and capital‑cycle dynamics.

The session also highlights important technical drivers from new‑issue premia and covenant trends to index inefficiencies and explores how these shape sector allocation and bottom‑up alpha opportunities.

We conclude with a concise tour of high‑yield, stressed and distressed markets, covering recovery valuation, documentation quality, and liability‑management practices to equip you for the full spectrum of credit investing.

Learning Outcomes
By the end of this webinar, participants will be able to:

• Decompose credit spreads into their component parts and assess return profiles including the implications of negative skew
• Apply structural credit models and fundamental analysis frameworks to evaluate credit risk across the credit cycle
• Evaluate sector allocation and bottom-up alpha strategies, including ratings migration and event-driven opportunities
• Assess distressed credit situations, including recovery estimation, documentation risks and liability management exercises
  
   

Registration: 12:55
Event: 13:00 - 14:00

Who should attend: 
Investment managers, credit research analysts and members in their first years

You can also book on to the other thee events in the series:

CFA UK Fixed Income Pathway - Fixed income overview (1 of 4): 14 April 2026 CFA UK Fixed Income Pathway - Rates (2 of 4): 28 April 2026 CFA UK Fixed Income Pathway - Private debt (4 of 4): 19 May 2026

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