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 ...

MBS went through an interesting Employment Friday. I know it’s hard to remember back after a long weekend (especially for N.E. fans), but the bond market sold off pretty substantially on Friday after ...

The standard measure of interest rate risk is effective duration; it is the critical input to portfolio-based hedging. Effective duration is defined as the percent change in value per 1% shift of the ...