• A property of option-free bonds whereby the price appreciation for a large upward change in interest rates will be greater (in absolute terms) than the price depreciation for the same downward change in interest rates.
What Happens If a Bank Fails?: How the FDIC protects depositors, including providing quick access to insured funds. More...
Beware of small expenses; a small leak will sink a great ship. - Benjamin Franklin (1706-1790)
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