Modified duration is important for investors in determining whether to buy, sell, or hold bonds. Key findings are powered by ChatGPT and based solely off the content from this article. Findings ...

Bonds are sensitive to interest rate risk ... which is expressed in years, and Modified Duration, the more modern measurement, which takes into account varying coupon payment schedules, and ...

compared with lower-duration bonds as well as bond funds. He refers to a condition called modified duration, which is the measurable change in a security's value relative to a change in interest ...