11
Bonds and gilts: the international capital markets
“ I used to think that if there was reincarnation, I wanted to come back as the president or the pope. But now I want to be the bond market: you can intimidate everybody.”
James Carville, adviser to Bill Clinton
“ Driving a car involves a foot on the gas, hands on the wheel, and eyes on the road. Navigating on the bond market requires a foot on interest rates, a handle on the prospects of being repaid, and an eye on inflation.”
Steven Mintz
- Bonds are debt instruments – securities sold by governments, companies and banks to raise capital.
- Bonds usually carry a fixed rate of interest (known as the coupon), have a fixed redemption value (the par value) and are repaid after a fixed period (the ...
Get The Financial Times Guide to Using the Financial Pages, 6th Edition now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
