The pass rate for the second level of the chartered financial analyst test fell below the decade average as candidates who stayed on schedule continued to outperform peers who put off the exam.

The pass rate for the second level of the chartered financial analyst exam jumped to the highest in more than a quarter century, boosted by a smaller number of candidates who had deferred their tests.

The study of interest rate models and term structure analysis is central to understanding financial markets, underpinning the valuation of fixed income securities, derivatives, and risk management ...