Curtis Butler5 min read
Bond Funds Explained: How They Work and Taxes
Bond funds offer income and diversification without the hassle of picking individual bonds. Here's how they work, what types exist, and how ETFs stack up against mutual funds.
interest rate risk
Curtis Butler5 min read
George Price4 min read
Convexity Adjustment in Bonds: How to Predict Prices Accurately
Duration alone can badly misjudge how much a bond's price will move when rates swing sharply. Here's how the convexity adjustment formula corrects that estimate, with a worked example.
Curtis Butler4 min read
Bond Funds vs Individual Bonds: Which One Better Protects Your Money?
Individual bonds promise a fixed payout at maturity, but bond funds offer diversification and disclosed costs. Here is how the two really compare once rates start moving.