Modeling and Hedging Non-Parallel Term Structure Shifts (FRM Part 1 2023 - Book 4 - Chapter 13)

[@seanhohmc]

I know I might be late but the convexity adjustment of bond price is actually exactly the same logic as the delta-gamma full revaluation of options. Amazing

[@finance1.0.1.2]

As a student currently studying Fixed-Income I have to say that this video has provided amongst the best explanations I have seen for key rate exposures! Thank you!

[@analystprep]

Wow, thank you! Good luck on your future exams!

[@tanaybachwani6892]

Thank you so much for explaining that negative key rate relation with prices. I went through so many resources understanding just that one line but couldn't. A sentence by you was enough to give me tears of joy. Thanks a lotttt😁❤

[@analystprep]

You're welcome!

[@byroncristian9800]

I dont mean to be off topic but does any of you know of a tool to get back into an instagram account..? I was dumb forgot my login password. I would love any help you can offer me!

[@arturstypukowski1279]

Thank you for all your videos Professor.

[@analystprep]

Glad you like them! If you like our video lessons, it would be helpful to spread the word if you could take 2 minutes of your time to leave us a review at www.trustpilot.com/review/analystprep.com

[@arturstypukowski1279]

@@analystprep done.

[@shivambansal9276]

One thing I would like to admit, this is one of the best explanations of this chapter. I was scared of this chapter at first, but now I find it much more interesting

[@analystprep]

Glad you enjoyed it! It would be helpful to spread the word if you could take 2 minutes of your time to leave us a review at www.trustpilot.com/review/analystprep.com

[@timrogers9931]

The videos are extremely useful and like the comments here they do a great job of summarising at times difficult concepts. I do have a question however concerning a comment that you made earlier, you say that par yield curve and spot yield curve will play an important role. Im curious as to why a distinction is being made between the two, furthermore at 9.30 on the video you show a slide whereby you consider a flat yield curve ie where spot yield = par yield, again why the distinction? I like to think that I have a good grasp of the premise of the chapter but perhaps I dont after all after seeing this. Thanks

[@e505mp95]

Very good explanation, thank you professor! I have a question: on 15.26 slide, the calculation in the table doesn't give the Key Rate '01 which should be -0.0001, -0.004..... that is 10x less than shown. Why?

[@adityabhat7104]

why don't these videos cover the detailed explanation part, are they covered in the paid course?

[@analystprep]

Hi Aditya. If we were to cover every part of the curriculum, each video would be 2 hours long and it wouldn't be efficient for candidates. What we recommend is to go through everything that is in the video and then practice using our question bank. Solving practice questions is where you will be able to see if you understand the concepts or not. If you still are having trouble with some of the content, then our suggestion would be to go back into the source materials and re-read the whole chapter.

[@itsEmbrace]

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