Yield Curves & Scenarios
Distinguish rate conventions, curve construction and parallel or maturity-specific shocks.
Parallel and Nonparallel Yield Shocks
Specify which rates move, distinguish curve shape from level and compare simple spot-rate scenarios without implying a full curve engine.
Spot, Par and Forward Rates
Derive three rate descriptions from consistent discount factors and avoid treating a par curve as a set of zero-coupon discount rates.
Key Rate Duration: Locating Curve Exposure
Read maturity-specific rate sensitivities, define the curve bumps behind them, and distinguish a local approximation from full scenario repricing.
Yield Curve Interpolation: Choosing What Lies Between
Compare interpolation of rates and discount factors, inspect forward-rate consequences, and keep model-generated points separate from observations.
Curve Bootstrapping: What the Equations Can and Cannot Identify
Solve a small discount-factor example, then examine missing dates, inconsistent inputs and the limits of exact repricing.