learn.howToCalculate
learn.whatIsHeading
Duration measures weighted average time to receive bond cash flows, approximating interest rate sensitivity: price change ≈ -duration × Δyield.
Trin-for-trin guide
- 1Input bond coupon, yield, maturity
- 2Calculate Macaulay duration (time-weighted)
- 3Derive modified duration (price sensitivity)
Løste eksempler
Input
5% coupon, 10-year bond, 5% yield
Resultat
Macaulay ≈ 8.2 years, modified ≈ 7.8 years
Modified used for price changes
Almindelige fejl at undgå
- ✕Confusing Macaulay and modified duration
- ✕Forgetting duration changes with yield
Ofte stillede spørgsmål
Why duration < maturity?
Earlier cash flows (coupons) weighted in average.
Klar til at beregne? Prøv den gratis Bond Duration-beregner
Prøv det selv →