October 16th 2009 archive

Do you have the bond gene?

By Craig Stock on October 16, 2009 9:23 am

One of the smartest people I know—a brilliant copy editor—used to shake her head as she read articles about bonds and the bond market.

“I think you have to be born with the bond gene to understand bonds,” she would mutter.

What set Mary to muttering, as I recall, was the fact that bond prices tend to move in the opposite direction of interest rates.

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