Macaulay duration

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Macaulay duration

The weighted-average term to maturity of the cash flows from a bond, where the weights are the present value of the cash flow divided by the price.
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Indosuez Wealth Management added that in the current environment of lower interest rates, the hunt for higher yields and longer bond duration is driving the demand for dollar bonds higher.
Other carriers have developed features designed to produce benefits from changing interest rates by regulating bond duration.
The role of matching bond duration to DB liabilities via LDI strategies is clear: According to CIO's 2013 LDI Survey (Figure 1), the average fixed-income duration was slightly under that of the liability at 11.
A study of bond duration indicates that many insurers have invested in short-term bonds with an average duration of around 4 years.
Bond duration would vary by sub-project: street construction (10 years), sewer (30) and water (40).
Fidelity Capital & Income (FAGIX), $3 billion; no load (no sales charge); $2,500 minimum initial investment; 800-544-8888; average bond duration 5.
TO PROTECT AGAINST reinvestment and price risk, bond investments can be immunized; that is, the bond duration is equal to the investor's desired holding period.
The fact that you have the swap, and that you've pushed your bond duration out to 10, demonstrates your and your board's awareness of the desirability of LDI.
Deposits and Guarantees required: Bid bond duration 360 days obligation to conclude the contract if awarded at 213 894.
The Ned Davis Research Allocation Fund is a diversified, registered investment company, whose proprietary quantitative asset allocation, stock selection and bond duration methodologies seek to beat a weighted composite benchmark consisting of 60% in the S&P 500 Index and 40% in the Lehman Long Term U.
Fitch believes that many companies actively managed their bond durations during 2003.