Understanding the Bond Market and its Participants

This chapter discusses the concept of bond markets and their role as a low-risk investment option compared to equities. It explains how bonds have a guaranteed income stream in the form of coupon rates or interest payments, which makes them attractive to investors during times of market fear. The chapter also highlights the importance of understanding all major markets in order to gain an edge, and raises concerns about the unsustainability of debt creation by nations and the increasing supply of new bonds.