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・ Yidya
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・ Yield
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Yield elasticity of bond value
・ Yield gap
・ Yield management
・ Yield mapping
・ Yield method
・ Yield protection
・ Yield sign
・ Yield spread
・ Yield spread premium
・ Yield strength anomaly
・ Yield surface
・ Yield to maturity
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Yield elasticity of bond value : ウィキペディア英語版
Yield elasticity of bond value

Yield elasticity of bond value is the percentage change in bond value divided by a one per percentage change in the yield to maturity of the bond. This is equivalent to saying the derivative of value with respect to yield times the (interest rate/value). This is equal to the MacAulay Bond Duration times the discount rate, or the modified bond duration times the interest rate.
If elasticity is below -1, or above 1 if the absolute number is used, it means that the product of the two measures, Value times yield or the interest income for the period will go down


抄文引用元・出典: フリー百科事典『 ウィキペディア(Wikipedia)
ウィキペディアで「Yield elasticity of bond value」の詳細全文を読む



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