anyone knows what "arbitrary interest rate changes" are???

CFA Level III
#1

never heard of this before.

#2

Isn’t it just a twist? It’s in the curriculum. or be more precise, a non-parallel change.

#3

correct, but couldn find it in the text… able to let me know where it was mentioned? thanks

#4

^ curious too, i thought it was twist too, but not sure

#5

vol 3 p349, somewhere in the middle of the page.

#6

thanks it states an “arbitrary nonparallel way”, but will remember this