Time to Maturity. As a general rule, when there is a long time to maturity (the date on which the borrower must pay back the principal), the price of the debt security is likely to be more volatile because the longer the time, the greater the risk. In general, the market price of a long-term debt security will change more with a given change in market interest rates than the market price of a short-term debt security.
Appears in 2 contracts
Sources: Client Agreement, Client Agreement