Why are bonds the true friend in a volatile market?

Bonds aren't as complex as they may seem. Despite the numerous titles used to describe them – fixed-income securities, debt instruments, credit securities, etc. – bonds are nothing more than a fancy IOU(I owe you) in which the terms, pay-back date and interest rate are carefully spelled out, as in a legal document.

December 02, 2011 / 17:07 IST

By Anil Rego

Bonds aren't as complex as they may seem. Despite the numerous titles used to describe them

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