If a bond’s key rate durations for maturity points shorter than the bond’s maturity are negative, it is most likely that the bond being analyzed is a zero coupon bond. Can somebody explain me this with an example. Thanks in advance.
If a bond’s key rate durations for maturity points shorter than the bond’s maturity are negative, it is most likely that the bond being analyzed is a zero coupon bond. Can somebody explain me this with an example. Thanks in advance.