Fixed income

Bond income begins with a contractual payment schedule, but the price paid and the timing of an exit change the result. These guides connect coupon, current yield, yield to maturity, and duration rather than treating them as interchangeable percentages. Start with the yield explainer to understand the quote, then use the duration article to build a separate price-change scenario.

The common thread is a decision record: the security, the observation date, the intended holding period, and the assumptions behind the calculation. The examples are hypothetical. They are designed to make a quote easier to read, not to identify a current trade.