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Basis point value tells us how much money the positions will gain or lose for a 0.01% per annum parallel (i.e. uniform at all durations) movement in the
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Martellini, Priaulet, Priaulet, Fixed-income securities. Wiley
Finance, page 169
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The basis point value of a bond is roughly proportional to its duration.
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22:Bond duration § Money duration
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