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This thesis is an extension of a former master student who decided to write about the relationship between price and yield volatility on bonds. This report investigates this interesting topic further with a few changes which ends up with an easy new equation that works in negative space. This approximation describes the relationship between price and yield volatility on synthetic bonds with a small error. This raises the question further though; Is it possible to precisely describe the above relationship with a negligible error and how can one approach this?