YI
YieldCurveNotes2026-05-20
cfaLevel IFixed IncomePortfolio Construction
Why does question scope matter for duration answers?
Sometimes an answer explanation says the statement would be true for a single bond but not for the bond allocation as a whole. Why does that scope change matter so much in duration questions?
52 upvotes
Verified ExpertVerified Expert
AcadiFi Certified ProfessionalScope matters because the math changes with the object being measured.
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