DURATION & RISK
PVBP
Measures present-value change for a one-basis-point rate shift; closely related to DV01.
Formula
PVBP ≈ Price × Modified duration × 0.0001
Variables: Price; modified duration
What it means
Measures present-value change for a one-basis-point rate shift; closely related to DV01.
Example
A portfolio with 250,000 dollar duration has PVBP near 25 for one basis point.
How to interpret it
This concept should be read together with its market convention, measurement horizon and underlying instrument. BondStats presents it as an analytical reference rather than investment advice; instrument documentation and primary market rules remain authoritative.
Related Formulas
BondStats reference content is independently written. Mathematical relationships, abbreviations and market conventions are presented for educational and analytical use.