Question: Please briefly explain why the relation between bond returns and interest rate change is convex (i.e., bond convexity issue). And, as a bond investors, do

Please briefly explain why the relation between bond returns and interest

Please briefly explain why the relation between bond returns and interest rate change is convex (i.e., bond convexity issue). And, as a bond investors, do we prefer holding a high-convexity bond or a low-convexity bond? Why? Please briefly explain why the relation between bond returns and interest rate change is convex (i.e., bond convexity issue). And, as a bond investors, do we prefer holding a high-convexity bond or a low-convexity bond? Why

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