Duration and convexity

Duration measures how far a bond's price moves for a change in yield. Convexity corrects for the curve in that relationship when the move is large.

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Duration measures how far a bond's price moves for a change in yield. Convexity corrects for the curve in that relationship when the move is large.

All 7 lessons in Fixed income in depth, with checks as you read, two quizzes, and flashcards.

The first lesson of every track stays free.

7 days of Pro. No card, nothing to cancel.