n Investment Analysts Journal - Investment basics XL : bond price volatility
|Article Title||Investment basics XL : bond price volatility|
|© Publisher:||Taylor & Francis|
|Journal||Investment Analysts Journal|
|Publication Date||Jan 1999|
ISI Social Science
Extracted from text ... Number 50 - Part 5 1999 G Lwabona* Investment Basics XL: Bond Price Volatility * School of Management Studies, University of Cape Town, Rondebosch 7701, Republic of South Africa. Email:email@example.com. za 1. Introduction This is the first in a series of two articles dealing with measuring and managing the impact of interest rate changes on bond prices. This article discusses bond price volatility. The second, which will appear in a forthcoming issue, will discuss the concepts of duration and convexity. 2. Bond Prices All investments, including fixed-income securities and common stocks, derive their value from the cash flows they are ..
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