Duration question, what's positive and what's negative?

So if they say the duration is positive, does that mean there’s negative relationship between interest rate and price; and if it’s negative duration, then it’s positive relationship between interest rate and price? This was based on Schweser Vol. 2 Exam 2PM #15.6.

lindalibinbin Wrote: ------------------------------------------------------- > So if they say the duration is positive, does that > mean there’s negative relationship between > interest rate and price; and if it’s negative > duration, then it’s positive relationship between > interest rate and price? > > This was based on Schweser Vol. 2 Exam 2PM #15.6. Yes.

thanks :slight_smile: