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Bond returns were generally lower but steadier, and when you mixed bonds with stocks, as modern portfolio theory suggests you should, you had extremely smooth returns.
Bond returns depend upon the purchase price, yield at the time of purchase and sale price.
Bond returns are derived from two things: periodic coupon payments and the change in a bonds price.
Bond returns to Tangier to kill Whitaker, as Pushkin arrests Koskov, sending him back to Moscow.
Bond returns to Bratislava to track down the cellist, Kara Milovy.
Bond returns to his villa to find Nicole, his French contact, dead, having been killed by Blush.
Bond returns to England via the Soviet Union, where he had been brainwashed to attempt to assassinate his superior, M.
Bond returns to London, and after a brief argument with M at the British Secret Service headquarters, heads for Draco's birthday party in Portugal.
Hardly anyone expects those high bond returns now.
The recent rout follows several years of generally falling interest rates and comfortable bond returns.
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"At yields higher than those of Treasuries, muni-bond returns are looking downright stocklike, with just a fraction of the risk," Janet Paskin writes.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com