Immunisation and YTM

@alta12 we move towards right only say 1 yr, 2 yr,… 10 yr.. So if it is upward sloping and say now the new coupon received has to be invested for only 3 months, so the yield for that 3 months will be found in the beginning of the x-axis

@alta12, for me derivatives is giving nightmares 🙁

@alta12, Take the scenario of upward sloping curve,
consider a 1 year duration and a coupon every 6 months. Now after 6 months you get a coupon. Now that there is upward sloping curve, for 6 months duration yeild will be less than what you got for a one year duration. So our target rate of return less than YTM (had the same money invested without coupon at the beginning)

never had to compare immunization rate of return vs YTM, thanks for raising this question @Alta12‌ and thanks for explaining @RaviVooda‌