So say I have a bond with a duration of 19.6 and a BPV of 1,960.
And i’m going to spend $150M to buy these bonds…
Is my dollar duration (money duration?) 150M x 1,960? or 1,960/.0001?
Or are these two terms different?
So say I have a bond with a duration of 19.6 and a BPV of 1,960.
And i’m going to spend $150M to buy these bonds…
Is my dollar duration (money duration?) 150M x 1,960? or 1,960/.0001?
Or are these two terms different?