Investopedia explains 'Reinvestment Risk'
Two factors that have a bearing on the degree of reinvestment risk are:
Maturity of the bond - The longer the maturity of the bond, the higher the likelihood that interest rates will be lower than they were at the time of the bond purchase.
Interest rate on the bond - The higher the interest rate, the bigger the coupon payments that have to be reinvested, and consequently the reinvestment risk.
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