The Evolution of Bonds and Market Insights

This chapter explores the historical significance and complexities of bond markets, focusing on War Loan bonds from World War I and the evolving relationship between governments and citizens in public debt investment. It reflects on major events in the bond market over the past three decades, including the impact of Liz Truss's actions on the UK markets and the challenges faced in corporate bonds. The discussion also highlights past experiences of bond trading, offering nostalgic reflections on the market's development and the risks associated with corporate bonds.