Hoarseness, an abnormal change in your voice, is a common condition thatâs often experienced in conjunction with a dry or scratchy throat. If your voice is hoarse, you may have a raspy, weak, or airy quality to your voice that prevents you from making smooth vocal sounds.
One way to minimize interest rate risk is to buy short-term bonds that take less time to mature. It's less painful to be stuck with a low-paying bond for five years than a low paying bond for 20 or 30 years. Another way to minimize risk is to hold the bond until maturity.
In fact, a very simple relationship exists between the two: when the YTM changes by 1%, the bond price changes by the duration converted to a percentage. So, for instance, the price of a bond with a 10-year duration would change by 10% for a 1% change in the interest rate.