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- 2011-7-2
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- 2014-6-28
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Key rate duration vs. PVD
| What are the advantages of key rate duration over PVD of cash flows? I just read the section in Schweser and understand that both help with twists in the yield curve, but it says that if you want the portfolio to have the same sensitivities to both twists and parallel shifts in the yield curve you should use PVD. So in what cases would you want to use key rate duration? |
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发表于 2011-7-13 17:25
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