| convexity |
A mathematical concept that measures the sensitivity of the market price of interest- bearing bonds to changes in interest rate levels. See also Duration.
출처: www.reliancemutual.com/mportal/VirtualPageView.jsp
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| convexity |
Property of sets and functions with great importance in optimization. A convex set contains all line segments between points in the set. A convex function (in one variable) lies above its tangents (or, equivalently, below its cords.)
출처: www.optimizationpartner.se/index.php
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| convexity |
The rate of change in price of a position for a given change in yield.
출처: www.tmac.ca/seminars/financial-risk-glossary.html
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| convexity |
The rate of change of duration of a bond or bond portfolio with respect to changes in the yield-to-maturity of the bond or portfolio.
출처: www.cbtworldwide.com/glossary.htm
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| convexity |
The property of a bond that its price does not change in proportion to changes in its yield. A bond with positive convexity will rise in price faster than the rate at which yields decline, and will fall in price slower than the rate at which yields rise.
출처: www.ibbotson.com/content/results_list.asp
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