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Which bond's duration is the most sensitive to changes in market yield? The 1.5 and 3.25 coupon bonds have the same time remaining to maturity.

Which bond's duration is the most sensitive to changes in market yield?

The 1.5 and 3.25 coupon bonds have the same time remaining to maturity.

Why is the duration of the 1.5s longer than that of the 3.25s?

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25.00 Duration vs. Ytm 20.00 15.00 10.00 5.00 0.00 2% 4% 6% 8% 10% Yield to Maturity -1.5s of 20 3.25s of 20 3.5s of 37- -4.75s of 47

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