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by CPLX
1199 days ago
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There's absolutely nothing counterintuitive about that at all. It's one of the most core principals of finance that as interest rates go up bonds go down. In fact it's so direct that they are quite literally the same thing. The difference between the face value of the bond and the actual amount you have to pay to buy the bond is how you define what the interest rate is.* * Yes I know subject to time to maturity and coupon and all that. |
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