The 4 main types of interest rate risks are:

• Repricing risk: Risks that arise from timing differences between rate changes and cash flows.
• Basis risk: Risks that arise when the interest rates of different financial instruments do not change in correlation.
• Yield curve risk: Risk that arises from the yield curve shifting and affecting the value of fixed-income securities.
• Options risk: Risks that arise from using different interest rate derivatives to hedge against interest rate risk.