Nadia Okonkwo
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.
How Markets Actually Work
Three pieces on the machinery beneath the prices: where the cost of money is set, what an exchange-traded fund really is, and what the most quoted number in equities leaves out. Start here if the daily coverage assumes knowledge you were never given.
Nadia Okonkwo
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.
Nadia Okonkwo
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.
