MACAULAY DURATION
The weighted average term to maturity of a bond's cash flows. Metric named after Economist Frederick Macaulay that developed the concept in 1938, it measures the sensitivity of a bond or a bond portfolio’s price to changes in interest rates. To compute the duration, divide the current value of the cash flow by the price. Also, it is a measure of bond price volatility in terms of interest rates.
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| Time | Country | Indices | Period |
|---|---|---|---|
| 12:00 | CBI retail sales volume balance | Apr | |
| 01:01 | BRC Shop Price Index | Apr | |
| 01:30 | Unemployment Rate | Mar | |
| 05:04 | BoJ MPC Interest Rate Announcement | Apr | |
| 05:04 | Monetary Policy Meeting Minutes | ||
| 05:04 | BOJ Outlook Report | ||
| 07:00 | BOJ Core CPI | Mar | |
| 08:30 | Bank of Japan Press Conference | ||
| 09:00 | Unemployment Rate | 1 quarter |
