Study Yield Curve Dynamics Chapter 5 Figure 5.12: Twists and Turns of the Yield Curve Interest Rates (%) Slope Change Curvature Change Level Change Years to Maturity 1. Steepening of the Yield Curve 2. Flattening of the Yield Curve 3. Non-Parallel Shift of the Yield Curve 4. Parallel Shift of the Yield Curve 5. Special case Page 3 of 4 Q21. What are Basis Point Value (BPV), Price/Yield Sensitivity and Hedge Ratio? Study Yield Curve Dynamics Chapter 5 Figure 5.12: Twists and Turns of the Yield Curve Interest Rates (%) Slope Change Curvature Change Level Change Years to Maturity 1. Steepening of the Yield Curve 2. Flattening of the Yield Curve 3. Non-Parallel Shift of the Yield Curve 4. Parallel Shift of the Yield Curve 5. Special case Page 3 of 4 Q21. What are Basis Point Value (BPV), Price/Yield Sensitivity and Hedge Ratio