timetomaturity
Time to maturity (TTM) is the amount of time remaining until a financial instrument reaches its maturity date. It is a fundamental horizon used in valuation, risk management, and liquidity analysis. TTM is typically expressed in years or days, depending on the precision required and the conventions of the instrument.
In fixed-income securities, TTM is the difference between the instrument's stated maturity date and the current
TTM influences pricing and risk: longer TTM generally increases a security's sensitivity to interest-rate changes (higher
Practically, investors use TTM to compare instruments with different maturities, manage rolling maturities, and align hedges.