Furthermore, we find that both the effective duration and effective convexity of Huei have positive relationship with the time to maturity and negative relationship with the yield.

• 最后，透过评估有效存续期间及有效凸性可发现合会的有效存续期间及有效凸性与距到期日呈正向关系，与殖利率则呈反向关系；