Chapter 09 - Slides 01-24 - Introduction to Bonds, Interest Rates and Bond Prices - Fall 2018

Bonds are not very ... well, they are more kinda' like -- uh, how shall we say it? Okay, let's not mince words: Bonds are boring! Stocks are exciting, sexy, and dangerous. Bonds are stodgy, reliable, and, yes, boring. In this first session, we introduce bonds and many of their characteristics and spend a great amount of time discussing the relationship of bond prices and interest rates. Should you own bonds in your portfolio? Let's find out.

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