Circle, the issuer of USD Coin (USDC), is making significant strides to enhance the security and efficiency of global ...

Duration is the primary measure of interest rate sensitivity — it is the percentage change in price for a 1% change in interest rates. However, practitioners also look at convexity, which is the ...

As illustrated in the convexity graph earlier, there is exposure at both tail ends in the form of call and put options on SPX, the S&P 500 index. The majority of the fund invests in an ETF (IVV ...

Convexity hopes to correct the disparity between bond prices and interest rates, and it achieves this by accounting for any effect that interest rates can have on the bond’s duration. The below graph ...