| 词条 | Basis point value |
| 释义 |
In finance, basis point value (BPV) denotes the change in the price of a bond given a basis point change in the yield of the bond.[1] Basis Point Value tells us how much money the positions will gain or lose for a 0.01% parallel movement in the yield curve. It is specified for interest rate risk and quantifies the interest rate risk for small changes in interest rates. Basis Point Value tends to be higher the longer the duration of the bond. Notes1. ^Martellini, Priaulet, Priaulet, Fixed-income securities. Wiley Finance, page 169 1 : Bonds (finance) |
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