Course 1813 lessons

Bonds and fixed income

An introduction to lending money to governments and companies through bonds, covering coupon rates, yields, credit risk, and how Philippine retail bonds and treasury bills fit into a real portfolio.

What a bond actually is

A bond is a loan. When you buy one, you're not buying a piece of a company or a government the way you would with a stock, you're lending them money directly, and they owe you for it. The organization that issues the bond, called the issuer, could be the Philippine government, a company like a bank or a conglomerate, or even a local government unit.