The shorter the amount of time until a bond's maturity, the more responsive is its market value to a given change in the required return.

Name: The shorter the amount of time until a bond's maturity, the more responsive is its market value to a given change in the required return.
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The longer the time until a bond's maturity, the more its market value will respond to changes in the required return. Shorter-term bonds are less sensitive to interest rate changes.

The Shorter the Amount of Time Until a Bond's Maturity