Browse CFA Level 2

Chapter 25: Measuring Interest Rate Risk

In this section

  • Macaulay Duration vs. Modified Duration
    An in-depth exploration of Macaulay and Modified Duration, focusing on bond price sensitivity, real-world applications, and advanced CFA exam insights.
  • Key Rate Durations and Shaping Risk
    A detailed exploration of how partial durations isolate yield curve exposure at specific maturities, helping CFA® Level II candidates shape and manage risk effectively.
  • Convexity Effects and Portfolio Rebalancing
    Explore how convexity influences bond pricing beyond duration and learn practical ways to rebalance portfolios to manage convexity risk effectively.
  • Item Set: Duration-Based Risk Calculations
    Explore practical steps to determine portfolio duration using vignette data, focusing on partial durations, yield shocks, and embedded options for CFA 2025 Level II.
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Chapter 24: Using Derivatives in Fixed Income
Chapter 26: Managing Yield Curve and Spread Risks