Bond
A loan to a government or company that pays interest and returns the principal at maturity. Bondholders rank ahead of shareholders if the issuer fails.
Also called bonds · fixed income
A loan to a government or company that pays interest and returns the principal at maturity. Bondholders rank ahead of shareholders if the issuer fails.
Why it matters
Bond prices move opposite to yields, so existing bonds lose value when prevailing rates rise.
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