effective convexity
Noun
The convexity of a bond that takes into account the convexity of options embedded within the bond, it capturing the curvature of the observed price/yield relationship and may vary from the negative to the positive.
The convexity of a bond that takes into account the convexity of options embedded within the bond, it capturing the curvature of the observed price/yield relationship and may vary from the negative to the positive.
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