There are a number of differences between stocks and bonds . In addition to those I discussed earlier, the two also differ in terms of the unpleasant things that can go wrong with them. The deal struck between Citigroup and the Treasury recently provides an opportunity to illustrate a few. ... Read more

Last year, one of my clients asked me this question. He was well-educated, but had simply never had an occasion to learn how investments work. It struck me at that moment that if he didn't know, then plenty of other people probably don’t, so I decided to prepare a short introduction to the ... Read more

Here is a headline I am laughing at: Bond Investors Turn Most Bullish on Treasuries Since February Treasuries will appreciate over the next six months as the U.S. economy reels from its worst recession in a quarter-century, a monthly survey of Bloomberg users showed. Participants turned the mo ... Read more