Knowledge cluster
Bonds & Fixed Income
Debt instruments explained: bonds, yields, coupons, credit ratings and how interest rates move fixed-income markets.
Definition
Treasury Securities
Treasury securities are debt instruments issued by the U.S. government: bills (under a year), notes (2-10 years) and bonds (20-30 years). Their yields anchor global interest rates.
4 min read
Definition
Zero-Coupon Bond
A zero-coupon bond pays no interest along the way. It is sold at a deep discount and repays face value at maturity; the discount is the entire return.
4 min read