Bonds and what they really yield
A bond quotes one rate and pays you another — which number is real, and what happens when rates move?
4 steps · Asset classes
The path
Calculate
Bond Yield Calculator
Three different yields on one bond, and the reason the coupon rate is the least useful of them.
Compare
Bond yield side by side
Change the years to maturity and watch what a one-point move in rates does. That gap is interest-rate risk.
Calculate
FD Calculator
The instrument a bond is competing with. Same money, a fixed rate, and no price to fall.
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After this one
Gold, and what the bill does not say
The rate is quoted per gram — so why does buying 10 grams cost so much more than ten times the rate?