Bond Price Volatility and Term to maturity: a generalized respecification. This paper demonstrates that this proposition does not hold in all cases. It is possible to find cases where longer-term securities are actually less sensitive.
Bond Price Volatility and Term to maturity: a generalized respecification. This paper demonstrates that this proposition does not hold in all cases. It is possible to find cases where longer-term securities are actually less sensitive.
Bond Price Volatility and Term to maturity: a generalized respecification. This paper demonstrates that this proposition does not hold in all cases. It is possible to find cases where longer-term securities are actually less sensitive.