A measure of a bond's maturity which takes into consideration the possibility that the issuer may call the bond before its maturity date.

一种将发行者在到期日前收回债券的可能性考虑在内的偿还期计量方法。

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Since the average maturity of the Fed's bond holdings is five to ten years, the Fed will have to find a way to mop up, or "sterilise", the related bank reserves for a long time.

联储持有债券的平均到期日是五到十年，联储必须想办法在长时间内抹除，或者“清理”相关银行储备。

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Now what happens is, I now get the maturity of this bond.

现在两年期债券到期了。

youdao

Now what happens is, I now get the maturity of this bond.

现在两年期债券到期了

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However, as the bond moves closer and closer to maturity the total amount of interest that the bond will pay during its remaining lifetime is also moving closer and closer to zero.

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One, the yield to the worst call date is much better than yield to maturity of a non-callable bond (aka, bullet bond).

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This leads me to the other advantage of bonds over bond funds: you can pick the maturity date and know with a high degree of certainty when you are going to get your money back.

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