Macaulay Duration Calculator

Duration measures a bond's price sensitivity to interest rate changes. A duration of 7 means the price falls ~7% for a 1% rise in rates.

Modified duration directly estimates percentage price change per 1% rate move, making it more practical for risk management.

Dollar duration (also called DV01 × 100) gives the dollar change in bond value for a 1% (100 bps) change in yield.