Duration
how sensitive a bond's price is to the rate: the longer the maturity, the more it hurts
In the academy “Duration” is not a definition but an operation: you post it yourself and watch what it does to the balance sheet.
how sensitive a bond's price is to the rate: the longer the maturity, the more it hurts
In the academy “Duration” is not a definition but an operation: you post it yourself and watch what it does to the balance sheet.