Partly, but more broadly the fact that bond pricing is influenced by some knowns (duration, coupon, interest rate at the moment), but that it’s influenced by potentially global and systemic unknowns turning what’s dependable (ie holding a bond to maturity) to highly speculative when traded.
Yea for sure. Predicting longterm interest rate developments, or credit ratings is basically impossible.
But the basics of how bonds work is super easy and most will understand.
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It’s all good
Just wanted to clarify what my point was. This coming from VZ surprised me a bit…
It is indeed very difficult.
Active bond fund management involves carefully picking bonds to maximise yield without impacting risk too much and they also play with duration.