For a given bond and yield, the dollar value of a one basis point change in yield is typically: A. greater for a yield increase. B. equal for a yield increase and decrease. C. greater for a yield decrease. D. unrelated to the bonds convexity.
When you calculate the dollar value of a basis point for a 1bp uptick and 1 bp downtick, it is greater for a yield decrease. This is a function of bond convexity.
