Definition
A measure of a bond's sensitivity to interest-rate changes.
Why it’s relevant today
Rate volatility makes duration management central to fixed income.
Why it matters
Longer duration generally means larger price moves when rates change.
A measure of a bond's sensitivity to interest-rate changes.
Rate volatility makes duration management central to fixed income.
Longer duration generally means larger price moves when rates change.
Discussion
Sign in to upvote, join the discussion, and keep track of what you learn.
Start the discussion with a question, example, or useful connection.