Ceteris paribus, the duration of a bond is positively correlated with the bond's

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Duration, in the context of bonds, is a measure of the sensitivity of a bond's price to changes in interest rates. Ceteris paribus, the duration of a bond is positively correlated with its time to maturity, meaning that as the time to maturity increases, the duration also increases, making the bond more sensitive to changes in interest rates. However, the duration is inversely related to both the coupon rate and the yield to maturity. Higher coupon rates and higher yields to maturity both serve to decrease a bond's duration.

Ceteris Paribus, the Duration of a Bond Is Positively Correlated