Now that we understand what duration is, and how it is calculated, let’s take a look at some of the important properties of duration.

# Fixed Income Securities

## Calculating the Macaulay Duration Using Excel

This video takes a simple example and demonstrates how the duration of the bond is calculated using excel.

## Duration of a Bond – Video

This video provides an introduction to the bond concept and the steps involved in calculating it.

## What is Macaulay Duration?

The duration of a fixed income instrument is a weighted average of the times that payments (cash flows) are made. The weighting coefficients are the present value of the individual cash flows.