FINANCE BASICS
Bond Duration & Convexity
Targeted Skill Level: Intermediate
Duration: 2 - 2.5 hours
COURSE DESCRIPTION
Bond Duration & Convexity teaches the following:
- Concepts of Macaulay duration and modified duration
- Using modified duration to estimate the effect of interest rate movements on bond prices
- Using modified duration for hedging portfolio positions
- The role of convexity in refining price estimates based on modified duration
- Modified duration and the non-linear relationship between price and yield
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