Learn how convexity adjustments in bonds affect interest rates and prices using key formulas. Understand their importance in accurately predicting bond price changes.

So, there I was in the office, surrounded by reports and charts, when the phone rang, and it was an old school colleague.

Forbes contributors publish independent expert analyses and insights. Forbes Senior Contributor. 30+ Years Wall Street Career. Professor. For a brief time, I worked for a pricing service, then Thomson ...

It shows the fuzzy price interval of bond prices with climate risks, which corresponds to the membership function u and the price interval. It can be seen that due to the existence of fuzzy ...