Is a change in the level of interest rates the same as a nonparallel change in the yield curve? I thought it was but both are answers in question #29 for Chapter 29. Thanks.作者: lcai 时间: 2011-7-11 19:05
Change in level of rates is generally referred to as a PARALLEL shift作者: bkballa 时间: 2011-7-11 19:05
Non parallel changes in interest rates are twists of the YC which mean flattening/steepening movements
