Understanding Bond Investment Grades: From Investment-Grade to High-Yield Bonds (The Investor's Compass, Band 4) - Softcover

Understanding Bond Investment Grades : From Investment-Grade to High-Yield Bonds

Taschenbuch. Zustand: Neu. Neuware - Every road you have ever driven on, every bridge you have ever crossed, every hospital that has ever treated you, and every technology company that has transformed how you live your daily life, all of them have been financed, at least in part, by bonds.Bonds are not a financial abstraction. They are the mechanism by which ambition becomes reality: by which a government converts tomorrow's tax revenues into today's infrastructure, and by which a corporation transforms future earnings into present expansion. They are as old as organized commerce and as relevant today as they have ever been.Yet despite their central role in global finance, bonds remain poorly understood by most individual investors. People know that bonds exist. They know that pension funds hold them. They know that they are supposed to be safer than stocks. But the nuances, the critical distinctions between a government bond and a corporate bond, between investment-grade and high-yield, between a AAA rating and a B rating, remain largely invisible to the ordinary investor.This book exists to eliminate that invisibility. Artikel-Nr. 9798254167242

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