AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
2min chapter
Bond Investing Master Class - How to Invest in Fixed Income
Money For the Rest of Us
What Is the Convexity of a Bond?
As interest rates go up for traditional bonds the duration shortens. Now that's known as positive convexity we can also have a negative convexity where durations get shorter as interest rates fall. An example of this type of convexity is a mortgage backed security. Three or four years ago it would have had a duration perhaps over 20 years because interest rates were lower.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode