If a bond's yield to maturity increases, what specific effect does this have on its duration, assuming all other factors remain constant?

Generally, if a bond's yield to maturity (YTM) increases, its duration decreases, assuming all other factors remain constant. Duration measures a bond's price sensitivity to changes in interest rates; it's the approximate percentage change in a bond's price for a 1% change in yield. A higher YTM implies that future cash flows are di....