Fixed income is an important area of CFA Curriculum. Zero coupon bonds and treasury strips are covered in detailed in both Level I and Level II. What's going on with the bond market in U.S. especially with strips can be visualized through this article.
Read the article: http://www.businessweek.com/news/2012-02-07/u-s-strips-formation-falls-for-sixth-month-amid-twist-program.html
Read the article: http://www.businessweek.com/news/2012-02-07/u-s-strips-formation-falls-for-sixth-month-amid-twist-program.html
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