A conversation on CNBC (here), actually uses the word “convexity” in the context of mortgage backed securities. We talked about using futures to adjust maturities the other day and I mentioned that duration was the better measure. The second derivative of duration is convexity. Ask and you shall receive more.
While that clip may have revealed more than the average watcher wants to know, I am not sure what this one does. A 5th grader (here), wins some SIFMA stock-picking contest. You all know, I cannot stop talking about my daughter, now in 5th grade, who I am taking to her first concert today (band called R5, place called the Epicenter in Mira Mesa), But stock opinions ?