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Basic Question 11 of 12
Shaping risk is defined as the sensitivity of a bond's price to:
B. the changing shape of the yield curve.
C. the changing yield volatility.
A. the changing yield to maturity.
B. the changing shape of the yield curve.
C. the changing yield volatility.
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Learning Outcome Statements
explain how a bond's exposure to each of the factors driving the yield curve can be measured and how these exposures can be used to manage yield curve risks;
explain the maturity structure of yield volatilities and their effect on price volatility.
CFA® 2025 Level II Curriculum, Volume 4, Module 26.