Longer-term bond prices are more sensitive to changes in interest rates than are short-term bond prices.

Name: Longer-term bond prices are more sensitive to changes in interest rates than are short-term bond prices.
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Longer-term bonds have a higher duration (a measure of their sensitivity to changes in interest rates) than short-term bonds as they have a longer time until maturity. Therefore, they are more susceptible to changes in interest rates, resulting in greater price fluctuations.

Longer-Term Bond Prices Are More Sensitive to Changes in Interest