calculate_bond_convexity
Calculate bond convexity, a second-order measure of interest rate risk. Higher convexity indicates less price sensitivity to large yield changes.
Instructions
Calculate bond convexity — second-order measure of interest rate risk. Higher convexity = less price sensitivity to large yield changes.
Input Schema
| Name | Required | Description | Default |
|---|---|---|---|
| ytm | Yes | ||
| face_value | Yes | ||
| coupon_rate | Yes | ||
| coupon_frequency | No | ||
| years_to_maturity | Yes |
Output Schema
| Name | Required | Description | Default |
|---|---|---|---|
| result | Yes |