Dollar Duration
Expresses first-order rate sensitivity in price units rather than percentage terms.
Formula
Variables: Modified duration; full price
What it means
Expresses first-order rate sensitivity in price units rather than percentage terms.
Example
A price of 102 and modified duration of 5 gives dollar duration of about 510 per 100 units of proportional yield change.
How to interpret it
This concept should be read together with its market convention, measurement horizon and underlying instrument. BondStats presents it as an analytical reference rather than investment advice; instrument documentation and primary market rules remain authoritative.
Related Formulas
BondStats reference content is independently written. Mathematical relationships, abbreviations and market conventions are presented for educational and analytical use.