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No Free Lunch

  We’d like to talk a little about interest rates and bond markets in this article.  The topic is misunderstood by many and can be very complicated, but there are some truisms that can never be ignored.  They are; Bond prices move inversely to interest rates. e. if interest rates go down, bond prices will go up.  And visa-verse. Of the many types of risk in bonds, two are dominant; Credit risk; the likelihood of getting paid back by…

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