2min chapter

Planet Money Summer School cover image

Investing 4: Bonds & Becky With the Good Yield

Planet Money Summer School

CHAPTER

Bonds, Five Dollars, What Happened to You?

The company that issued the bond, hornback offshore services, declared bankruptcy back in may. Claire boston, who covers the bond market for bloomburg said, good news and bad news. Ok, so you gys are going to get about five dollars back. Oh, ok, really? For both bonds. Five dollars. Bonds, five dollars, im we the good news is that it's not nothing, yes? The bad news is that we're getting five, yes? Is ocardip. Apparently it's actually less than five dollars. But clara was like feeling generous, and so she rounded up, much appreciated as so saying, our two bonds that we paid 600

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