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The duration for the CD of Bank B is calculated above to be 7.001 years. Since the bond is a zero-coupon, the duration is equal to the maturity of 7 years. Using the duration formula to estimate the change in value: Bond: (Value =.
Duration is a measure of a bond priceâs sensitivity to a change in interest rates, measured in years. Bonds with longer durations are more sensitive to interest rate changes. If youâre in a bond with a duration of 10 years and rates rise 1%, youâll see a 10% decline in the bondâs price.heyâre also used as a benchmark to price all other bonds, such as those issued by companies and municipalities. Treasurys are available in $1,000 increments and are initially sold via auction, where the price of the bond and how much interest it pays out is determined.