Question: If duration-convexity based heding is always superior to duration-only hedging, why dont people use duration-convexity based hedging all the times? Is it true that the

If duration-convexity based heding is always superior to duration-only hedging, why dont people use
duration-convexity based hedging all the times?
Is it true that the duration-convexity based approximation works well for any changes in yields of any
magnitude? Give your reasoning.

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