Understanding Bond ETFs: Definition, Types, and Investment Methods

Duration Definition and Its Use in Fixed Income Investing

The Best Short-Term Bond Funds

The portfolio duration may not reflect the true risk of a bond due to non-parallel shifts in yield curve. One might calculate key-rate duration to understand the risk of a bond portfolio due to change in yield in key maturity segment. #CFA #FRM #bond #riskmanagement | Professional Finance Studies (PFS)

Modified duration provides an estimate of the percentage price change for a bond given a change in its yield-to-maturity. Modified duration provides a linear estimate of the percentage price change. In terms of absolute value, the change is the same for either an increase or decrease in the yield-to-maturity. The modified duration statistic for a fixed-rate bond is easily obtained if the Macaulay duration is already known. An alternative approach is to approximate modified duration directly. | P

Portfolio Duration Limitations | CFA Level 1

Convexity in Bonds: Definition and Examples

10 Year Treasury Yield (1962-2026)

Bond Valuation Definition, Formula & Examples