A yield curve strategy would position a bond portfolio to profit the most from an expected change in the yield curve, based on an economic or market forecast. (finpipe.com)
Spread duration measures a security's (or portfolio's) sensitivity to changes in yield spreads. (amgfunds.com)
In addition, larger rate increases will likely result in smaller changes in value than indicated by duration, as duration is accurate only for small changes in yields. (proshares.com)