Michael Thompson: When expectations are for increases in interest rates to be moderate and well-telegraphed and there is broad agreement about what the forward curve should be, then you want to have low rather than no duration in your portfolio.
Medical Definition of Peripheral nervous system Peripheral nervous system: The portion of the nervous system that is outside the brain and spinal cord. Abbreviated PNS. The nerves in the PNS connect the central nervous system (CNS) to sensory organs, such as the eye and ear, and to other organs of the body, muscles, blood vessels, and glands. The peripheral nerves include the 12 cranial nerves, the spinal nerves and roots, and the autonomic nerves.
A nerve is an enclosed, cable-like bundle of axons (nerve fibers, the long and slender projections of neurons) in the peripheral nervous system. A nerve provides a common pathway for the electrochemical nerve impulses that are transmitted along each of the axons to peripheral organs. Efferent nerves conduct signals from the central nervous system along motor neurons to their target muscles and glands. 2  Mixed nerves contain both afferent and efferent axons, and thus conduct both incoming sensory information and outgoing muscle commands in the same bundle.