Portfolio manager interview questions shared by candidates
Are bond prices affected more by a yield change at high or low yields?
this is referring to bond duration which is its sensitivity to change in price over change in yield. Bond prices are affected more by a yield change at lower yields.
Both. It refers to duration which is just the slope of the yield curve. Above answer is only half right
actually duration is more sensitive at lower yields than at higher yields. So the initial answer is correct