Introduction Bond prices and yields move in opposite directions: when the price falls the yield rises, and when the price rises the yield falls. This is because the coupon is fixed, so the only way an older bond stays competitive with new bonds is for its price to adjust.. For a retail investor exploring the […]

The 1900s – Inception 100 years ago, people mostly kept their money in a pot buried in the ground or under their mattress, sleeping peacefully knowing that their cash was safe. The evolution of modern banking started in the 1900s and lots of Central Banks were formed around the world in the wake or after […]