By now, we are sure you have heard someone in the financial industry declare that, “interest rates are rising.” We believe the proper response to that statement should be: What interest rates are rising? In the fixed income world, the two most common reference points for interest rates are (1) the federal funds rate, and… Read more »
The Macro View
Posts Tagged: Municipal Bonds
Before You Buy That High Coupon Bond…
Confusing Coupon and Yield Could be Costing Your Clients Two key features for individual bond investors to pay attention to are coupon and yield. Coupon represents the annual cash flow an investor will receive as the bondholder. For example, an investor who owns a bond with a 4% coupon will receive $4 in interest annually…. Read more »