Duration Definition

Duration Definition duration A duration is a number that represents an interval of time Date duration A date duration represents a number of years, months, and days, expressed as a duration The values in a duration array represent elapsed times in units of fixed length, such as hours, minutes, and seconds

duration Key Highlights · Duration is a way of measuring the interest rate risk of an individual or portfolio of fixed income securities · Pure, or Macaulay duration,

duration Table 1 below compares measures of duration for bonds with maturities varying from 1 year to 30 years Duration is based on 8% par fixed-coupon bonds We The duration of a bond is a linear approximation of minus the percent change in its price given a 100 basis point change in interest rates