P
Partial Duration
P
Partial Duration
A technique for applying some of the principles of duration analysis to rate changes that affect only part of the
yield curve
, typically the shorter end of the curve. Partial durations will sum to a value that is usually
close
to the overall
effective duration
. Similar concepts are
Reshaping Durations
,
Key-Rate Duration
. See also
Macaulay Duration
,
Modified Duration
, Effective Duration,
Option-Adjusted Duration
.
Glossary
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P