Oscar Wong / Getty Images Duration and convexity are two tools used to manage ... In the image below, the calculation of the curved line represents the change in prices, given a change in yields.

Chacko, George C., Peter A. Hecht, Vincent Dessain, and Anders Sjoman. "Note on Duration and Convexity." Harvard Business School Background Note 205-025, August 2004. (Revised September 2004.) ...

and Walter P. Heller. "Mathematical Analysis and Convexity with Applications to Economics." In Handbook of Mathematical Economics, Vol. 1, edited by Kenneth J. Arrow and Michael D. Intriligator.

What Are Duration and Convexity? Duration and convexity are ... In the image below, the calculation of the curved line represents the change in prices, given a change in yields.