bonds

One of the things I like best about bonds is their mathematical precision. As long as the issuer doesn’t default, you know what the cash flows from the bond will be. Some bond cash flows can be quite complex

Shortly after I started business school in the mid-1980s, I found myself surrounded by a group of people I never before knew existed—bond people. They spoke an arcane language, pondered the mysteries of monetary policy

Fixed income markets play a vital role in the global capital markets. They also play an important role in a well-structured investment plan. Unfortunately, fixed income securities, also known as bonds, are a mystery to many individual investors. This week we are going make a foray into the world of bonds. However, the bond market is so huge and includes such a mind-boggling array of securities, there is no way we will be able to do more than scratch the surface.