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Level 8 · ◆◆◆ · ~12 min

Yields & Interest-Rate Risk

Yields & Interest-Rate Risk

"Why bond prices swing when rates move — and how duration turns that risk into a single number you can hedge."

the price-yield curveduration as rate sensitivityconvexitythe term structure of interest rates
🚀 You're jumping ahead. This builds on Valuing Bonds — but play it now and you'll still earn full XP. If it feels steep, those make a gentler on-ramp.

A short lesson, then a quiz. ❤️×3 — a wrong answer costs a heart; finish with at least one left and the level is yours. Lose all three and you'll have to try again. Replay any time — XP and cleared levels are never lost.