QUICK DEFINITION
Maturity is the date on which a bond's remaining principal is contractually due to be repaid.
WHY IT MATTERS
Why Maturity matters in bond markets
Maturity affects duration, refinancing risk, curve exposure and the appropriate benchmark yield.
MARKET CONTEXT
How to think about it
Bond investors use maturity as part of a wider framework that links prices, yields, cash flows, liquidity and risk. The concept should therefore be read together with its related terms rather than as an isolated definition.
Is Maturity important for fixed-income investors?
← Back to the Bond Market Glossary Yes. Maturity affects duration, refinancing risk, curve exposure and the appropriate benchmark yield.