[{"data":1,"prerenderedAt":69},["ShallowReactive",2],{"term:bond":3},{"term":4,"related":56},{"id":5,"title":6,"body":7,"category":35,"description":36,"extension":37,"faq":38,"meta":42,"navigation":43,"path":44,"related":45,"seo":49,"stem":50,"takeaways":51,"__hash__":55},"terms\u002Fterms\u002Fbond.md","Bond",{"type":8,"value":9,"toc":29},"minimark",[10,15,19,22,26],[11,12,14],"h2",{"id":13},"understanding-bond","Understanding Bond",[16,17,18],"p",{},"A bond is a debt security. The issuer borrows money from investors and promises to pay interest, called the coupon, on a set schedule and to repay the principal at maturity.",[16,20,21],{},"Bond prices move opposite to interest rates: when rates rise, existing bonds with lower coupons lose value.",[11,23,25],{"id":24},"example","Example",[16,27,28],{},"A 10-year Treasury note with a 4% coupon and $1,000 face value pays $40 a year and returns $1,000 at maturity.",{"title":30,"searchDepth":31,"depth":31,"links":32},"",2,[33,34],{"id":13,"depth":31,"text":14},{"id":24,"depth":31,"text":25},"investing","A loan an investor makes to a government or company in exchange for interest payments.","md",[39],{"q":40,"a":41},"Can you lose money on a bond?","Yes. If you sell before maturity after rates rise, or if the issuer defaults, you can get back less than you paid.",{},true,"\u002Fterms\u002Fbond",[46,47,48],"coupon","yield","duration",{"title":6,"description":36},"terms\u002Fbond",[52,53,54],"A bond is a loan to a government or company.","Bonds pay a fixed coupon and return principal at maturity.","Bond prices fall when interest rates rise.","r3bE0E6VgggTy8qhKlXhRtkzcu4sG-pYVm4_2GUAFjY",[57,61,65],{"title":58,"description":59,"path":60},"Coupon","The annual interest a bond pays, stated as a percentage of its face value.","\u002Fterms\u002Fcoupon",{"title":62,"description":63,"path":64},"Duration","A measure of how sensitive a bond's price is to changes in interest rates.","\u002Fterms\u002Fduration",{"title":66,"description":67,"path":68},"Yield","The income an investment produces, as a percentage of its price.","\u002Fterms\u002Fyield",1793226379138]