Discover what perpetual bonds are, see examples, and learn how to calculate their value with our expert guide. Understand these unique fixed-income securities.

An inverted yield curve with a negative butterfly spread of -21 basis points offers an opportunity to bet on a reversion to mean (64 bps).

Using option-valuation techniques to value this option, one can derive an option--adjusted yield, maturity, duration and convexity for the callable bond. The duration of the callable bond will be ...

Dunetz and Mahoney derived measures of duration and convexity for callable bonds. This note extends their analysis to derive duration and convexity measures for callable convertible bonds.