Average maturity shows when the fund's underlying bonds are expected to mature, macaulay duration indicates how long it takes ...

In many ways, bonds are more complex than stocks. Investors use a host of different metrics to evaluate bond investments, and one involves a concept known as duration, which helps an investor ...

Modified duration measures a fund’s sensitivity to changes in interest rates assuming no changes in expected cash flows, making it most applicable to option-free bonds; the longer the duration, the ...