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Investing Glossary:
Positive convexity
Copyright 2009,
Campbell R. Harvey. All Rights Reserved.
Do not reproduce without explicit permission.
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| Term: |
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| Definition: |
| A property of option-free Bonds that the price Appreciation for a large downward change in Interest rates will be greater (in absolute terms) than the price Depreciation for the same downward change in interest rates.
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