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convexity

   Also found in: Dictionary/thesaurus, Medical, Wikipedia, Hutchinson 0.26 sec.
Convexity
A measure of the curvature in the relationship between bond prices and bond yields.

Notes:
Positive convexity corresponds to curvature that opens upward. Negative convexity corresponds to curvature that opens downward.

See also: Bond, Yield
Convexity
Property that a curve is above a straight line connecting two end points. If the curve falls below the straight line, it is called concave.
convexity
A mathematical measure of the sensitivity of a bond's price to changing interest rates. A high convexity indicates a greater responsiveness of a bond's price to interest rate changes.
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