How does convexity affect the value of an asset as yield curve shift upward. A past CFA AM suggest that the asset with the lower convexity will suffer more

Probably should review the concept from Level I and II. I had to as well to refresh my memory and get a good handle on how convexity affects price.

Here is a quick link:

I think you’ve asked this question 3 times now.

Lower convexity will have a bigger loss than another bond with higher convexity when the yield curve shift upwards