Duration
how sensitive a bond's price is to interest-rate changes. Longer maturities (and lower coupons) have more duration and swing harder; a duration of 8 ≈ an 8% price move per 1-point rate change.
how sensitive a bond's price is to interest-rate changes. Longer maturities (and lower coupons) have more duration and swing harder; a duration of 8 ≈ an 8% price move per 1-point rate change.