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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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.
INVESCO High-Yield (FHYPX), $270 million; no load; $1,000 minimum; 800-525-8085; average bond duration 3.
75 percent load; $2,500 minimum; 800-522-7297; 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.
Deposits and Guarantees required: Bid bond duration 360 days obligation to conclude the contract if awarded at 213 894.
Fully intuitive and easy-to-use, financial advisors can access performance screens, asset mix, bond duration, cash flow projections and "what if" analysis at the click of a mouse.
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.
Index-linked bond holdings and bond durations have been reduced,