Course 104: Immunization
Protection from Changing Interest Rates
In this course
1 Introduction
2 What Is Bond Immunization?
3 Effects of Bond Immunization
4 Variations on Bond Immunization
5 Protection from Changing Interest Rates

Immunization can protect you from changes in interest rates, which can affect the prices and reinvestment rates of bonds. In order to immunize, investors match the duration of their bond investments and their investment time horizon--the time when they will need the cash from the investment. Finding bond duration information is as simple as asking your broker or doing a little online research.

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