Bond duration: related pages

This is the financial risk to which a portfolio or institution is exposed to if interest rates change.

Modified duration is a measure of the sensitivity of a bond price to interest rates.

Securities issued by building societies that pay fixed interest. Often not redeemable.

The pattern of variation of interest rates with time.

A short term zero coupon government bond.

A bond which does not pay interest but it is instead issued at a discount to its face value.