A bond characteristic such that the price appreciation will be less than the price depreciation for a large change in yield of a given number of basis points. For example, a fixed-rate mortgage may lose value as rates go down because of prepayments.
Found on
http://www.duke.edu/~charvey/Classes/wpg/bfglosn.htm
A bond characteristic such that the price appreciation will be less than the price depreciation for a large change in yield of a given number of basis points.
Found on
http://www.encyclo.co.uk/local/20047
A bond characteristic such that the price appreciation will be less than the price depreciation for
Found on
http://www.encyclo.co.uk/local/22402
No exact match found.
