Many Happy Returns cover image

Dry Powder: Where to Park Your Cash

Many Happy Returns

00:00

Bond Letters

A bond ladder is when you buy a sequence of bonds, a group of bonds. They mature with regularly spaced dates. When one matures, then you get your money back and the principal goes away. You're always earning whatever's on the yield curve at that time. And there's a magical effect in bonds called pull-to-par.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app