Duration
Duration (Bond)
Credit & DebtA measure of a bond's price sensitivity to interest-rate changes, expressed in years. Longer duration means bigger price swings when yields move.
Formula
Price Change (%) = -Modified Duration x Yield Change (%)
Why it matters
Duration is the primary risk dial in fixed income. Investors expecting rate cuts extend duration; those fearing hikes shorten it.
Indian example
Related terms
Learn the concept
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