Does yield curve risk have an affect on one bond, or does it pertain more to a combination of different bonds (i.e. a portfolio of bonds)?
A portfolio.
A single bond cannot tell whether the whole yield curve moves, or only its own YTM.
Does yield curve risk have an affect on one bond, or does it pertain more to a combination of different bonds (i.e. a portfolio of bonds)?
A portfolio.
A single bond cannot tell whether the whole yield curve moves, or only its own YTM.