Bonds Unraveled

Bonds are simpler than they sound — a loan with a schedule attached — yet the vocabulary keeps most investors out. Bonds Unraveled takes you from that one idea to a working command of the market: how prices are calculated, why yields move inversely, what duration actually costs you when rates rise, and how credit spreads price the risk of not being paid.

Every formula is worked out in full, with no finance background assumed. Real episodes — Silicon Valley Bank, the UK gilt crisis, Argentina's hundred-year bond — show the theory tested against events.

A clear, practical roadmap for beginners and seasoned investors alike.