Introduction (Yield Curve Dynamics, Convexity and Duration Review)
Active yield curve strategies are designed to capitalize on expectations regarding the level, slope, or shape (curvature) of yield curves. …
effective convexity
Module 36.5 LOS 36.i: Calculate and interpret effective duration of a callable or putable bond
We cannot use modified duration and convexity measures on bonds with embedded options as there cash flows change if an …