What is Key Rate Duration ?

CFA Level I Fixed Income
#1

Only know that it is usefull for Bond portfolio where there is a non-parallel shifts in YTM, Other than that dont know anything

#2

I wrote an article on key rate duration that may be of some help: http://financialexamhelp123.com/key-rate-duration/

Note, however, that this is really a Level II topic. I wouldn’t worry about it at Level I.

#3

But it is given in LOS 56.d

#4

In that case . . . read the article.

#5

Thank you !

#6

My pleasure.