Bonds and interest rates
Why a dollar today beats a dollar tomorrow, how bonds are priced, and why interest rates move every market.
- The time value of moneyWhy a dollar today is worth more than a dollar next year.
- Present valueWhat future money is worth today.
- What is a bond?A loan you can buy and sell.
- Pricing a bondA bond is worth the present value of its payments.
- YieldThe return a bond offers at today's price.
- Interest rate riskWhy long bonds swing more than short ones.
- The yield curveOne chart that economists watch more than any other.
- Central banks and marketsHow one interest rate reaches every price.
- Track quizFive questions. Get four right to finish the track.