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effective duration

Introduction (Yield Curve Dynamics, Convexity and Duration Review)

July 24, 2020 by CFA Study Guide
CFA Fixed Income

Active yield curve strategies are designed to capitalize on expectations regarding the level, slope, or shape (curvature) of yield curves. …

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Module 36.5 LOS 36.i: Compare the effective durations of callable, putable and straight bonds

May 1, 2019 by CFA Study Guide
CFA Fixed Income

Because call and put options can reduce the life of a bond, their effective durations will be less than or …

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Module 36.5 LOS 36.i: Calculate and interpret effective duration of a callable or putable bond

May 1, 2019 by CFA Study Guide
CFA Fixed Income

We cannot use modified duration and convexity measures on bonds with embedded options as there cash flows change if an …

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Module 34.6 LOS 34.i: Overview of Fixed Income Duration Concepts

May 1, 2019 by CFA Study Guide
CFA Fixed Income

Effective duration measures price sensitivity to small parallel shifts in the yield curve. Key rate duration is the sensitivity of the value …

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CFA Level I: Bond Duration

June 2, 2016 by CFA Study Guide
CFA Fixed Income

Bond duration is one of the measure of interest rate risk on a bond. It measures the sensitivity of a …

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