Pull to par
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Another name for this effect is reduction of maturity.
The Pull to Par effect is one of two factors that influence the market value of the bond and its volatility (the second one is the level of market interest rates).
- Fabozzi, Frank J.; Choudhry, Moorad (February 2004). "The Handbook of European Fixed Income Securities". Wiley. p. 50. Retrieved 11 July 2015.