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.
The peripheral nervous system includes the nerves that leave the brain stem and cord and innervate the muscles and glands of the body, but they just carry the impulses controlled by the central nervous system.