Some articles on bond, year bond, year:
... There is a time dimension to the analysis of bond values ... A 10-year bond at purchase becomes a 9-year bond a year later, and the year after it becomes an 8-year bond, etc ... Each year the bond moves incrementally closer to maturity, resulting in lower volatility and shorter duration and demanding a lower interest rate when the ...
Famous quotes containing the words bond and/or year:
“The principle of subordination is the great bond of union and harmony through the universe.”
—Catherine E. Beecher (18001878)
“The New Year is the season in which custom seems more particularly to authorize civil and harmless lies, under the name of compliments. People reciprocally profess wishes which they seldom form and concern which they seldom feel.”
—Philip Dormer Stanhope, 4th Earl Chesterfield (16941773)