Markets
How the Bond Market Actually Sets the Price of Money
Yields are quoted like prices but behave like the market's collective forecast. Here is what moves them, and why the ten-year matters to almost everything else.
Author
Nadia Okonkwo
Markets Editor
CoversMarkets
Nadia Okonkwo edits our markets coverage, following equities, fixed income and the flows between them. She is most interested in the gap between what a price implies and what the underlying business is actually doing, and writes for readers who want the mechanism rather than the ticker.
- Covers equities, fixed income and market structure
Stories by Nadia Okonkwo
Markets
What an ETF Actually Is, and How It Keeps Its Price Honest
Exchange-traded funds trade like shares but are built like funds. The mechanism that keeps the two in line is the part most explanations skip.
Markets
Market Capitalisation Explained, and What It Leaves Out
The most quoted number in equity markets is also one of the most misread. Market cap measures the equity, not the business.
