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Fixed Income · Academic Finance

Bond Pricing, Duration & Convexity Calculator

Price a bond from its face value, coupon and yield to maturity, then see exactly how sensitive that price is to a rate move, in both duration and convexity terms.

Reading This Tool

How To Use This Calculator

Enter the bond's face value, coupon rate, years to maturity and the market's required yield.

The price-yield curve on the right plots this exact bond's value across a range of yields, with your bond's current position marked on it. Modified duration approximates the percentage price change for a 1% yield move; convexity corrects that estimate for the curve's bend, which matters more the larger the rate move.

Your Inputs

Uses standard present-value bond pricing, with coupons and principal discounted at the periodic yield. Macaulay duration is expressed in years; modified duration and convexity approximate the percentage price change for a given yield shift.

Bond Valuation

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Bond Price

$0.00

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Macaulay Duration

0.00 yrs

Modified Duration

0.00

Convexity

0.00

Est. Price, Yield +100bps

$0.00

Price-Yield Curve, This Bond

Bond Price At Each Yield Current Yield

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This assumes a standard option-free bond with fixed coupons and no default risk. Accrued interest, credit spread changes, callability and real-world day-count conventions are not modeled, a dealer quote will differ slightly on settlement details.

See how this fits inside a broader risk picture.