Financial Level: Expert Available in: Excel 2007+
In this article Syntax Examples Example 1 Related functions DURATION returns Macaulay duration in years. Roughly, a bond with duration 7 loses about 7% in price if rates rise 1% — which is why long-duration debt funds swing more.
Syntax
=DURATION(settlement, maturity, coupon, yld, frequency, [basis])
Argument
What it means
frequency1, 2 or 4.
Examples
Example 1
=DURATION(DATE(2020,6,1), DATE(2030,6,1), 7%, 7.5%, 2)Roughly 7 years for a 10-year 7% bond.
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Written by Atul Vij Atul (AJ) builds office-automation and local-first AI tools as Atulya AI, and works with Excel, SAP and Oracle EPM every day. He writes about the shortcuts, macros and automations that actually save time — plus the occasional wacky fact.
More posts by Atul → ← Previous FVSCHEDULE Function in Excel: Growth at Changing RatesNext → ISPMT Function in Excel: Interest on Equal-Principal Loans✨ Ask AI about this article Stuck on a step? Ask a question and the AI answers using this article.
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