ArticleBonds
Credit ratings explained: what AAA does and doesn’t tell you
A credit rating is an opinion on the likelihood of timely repayment. It is useful, standardised and fallible. Here is how to read one.
4 min read
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ArticleBonds
Why bond prices fall when interest rates rise
Bond prices and interest rates move like a seesaw. Duration tells you how far it tips — and why long bonds move more than short ones.
4 min read
ArticleBonds
Bonds 101: coupon, price and yield
A bond’s coupon is fixed; its price and yield are not. Understanding how the three relate is the foundation of fixed-income investing.
4 min read