A Fabulous Debt Quotes

“Because bonds pay a fixed interest rate known as a coupon, when their price falls it means that their effective “yield”—the interest rate a buyer in practice receives for their money—begins to spike higher. That month, the yield of the US Treasury bond that came due in 2035 jumped from a low of 3.8 percent—when investors first feared a recession—to a high of 4.5 percent on the morning of April 9.”
― Robin Wigglesworth, A Fabulous Debt: The Epic Story of How Bonds Built the Modern World

“They usually pay a fixed interest rate to the holder for a few years, and then the principal amount back on its maturity, which is why they are also often dubbed “fixed income.”
― Robin Wigglesworth, A Fabulous Debt: The Epic Story of How Bonds Built the Modern World

“While stocks represent tiny slivers of ownerships in the likes of Boeing, General Electric, or Apple, bonds are essentially tradable loans.”
― Robin Wigglesworth, A Fabulous Debt: The Epic Story of How Bonds Built the Modern World