What is duration, temperature and pressure, wind direction and rain, local phenomenon.
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What is 'Duration'
Duration is a measure of the sensitivity of the price -- the value of principal -- of a fixed-income investment to a change in interest rates. Duration is expressed as a number of years. Bond prices are said to have an inverse relationship with interest rates. Therefore, rising interest rates indicate bond prices are likely to fall, while declining interest rates indicate bond prices are likely to rise.
Temperature is a physical quantity expressing the subjective perceptions of hot and cold. Temperature is measured with a thermometer, historically calibrated in various temperature scales and units of measurement.
Pressure is the force applied perpendicular to the surface of an object per unit area over which that force is distributed. Gauge pressure is the pressure relative to the ambient pressure. Various units are used to express pressure.
Duration is a measure of the sensitivity of the price -- the value of principal -- of a fixed-income investment to a change in interest rates. Duration is expressed as a number of years. Bond prices are said to have an inverse relationship with interest rates. Therefore, rising interest rates indicate bond prices are likely to fall, while declining interest rates indicate bond prices are likely to rise.
Temperature is a physical quantity expressing the subjective perceptions of hot and cold. Temperature is measured with a thermometer, historically calibrated in various temperature scales and units of measurement.
Pressure is the force applied perpendicular to the surface of an object per unit area over which that force is distributed. Gauge pressure is the pressure relative to the ambient pressure. Various units are used to express pressure.
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