Modified Duration

Modified Duration
Inversely related to percentage change in price on an average for a specific change in yield. Represented as a ratio of Macaulay duration to (1 + y). Here y = the bond yield.

Related posts:

  1. Macaulay Duration
  2. Duration of Bonds
  3. Effective Duration
  4. Mortgage Duration
  5. Bond Price, Yield and Duration

Leave a Comment