fixed income

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.