The Differences Between Bonds and Notes

When you buy a bond, whatever interest rate is issued with that bond will never, ever change. A 30-year bond will go up and down more in price between the time it is issued and maturity date when interest rates move. Many of you experience this with your bond portfolios. Do you remember about a year or so ago when we knew interest rates were going to start to go up? And I kept saying to all of you, be careful about your long-term bond portfolios because they are going to go down dramatically"