BOND DURATION

When you read reports on bonds and bond mutual funds, you will likely come across two apparently similar terms -- bond maturity and bond duration.  Though related, they refer to two different concepts.  In this tutorial, we will discuss these concepts, with the focus on duration. 

Bond Basics Duration Defined The Properties of Duration The Effect of Changing Interest Rates on Bond Values Duration is a Guide to Selecting Bonds

Let's begin with a brief discussion of basic bond features and concepts.