Next video:
Loading the player...

Learn more about this type of debt instrument.

You May Also Like

Related Articles
  1. Options & Futures

    Writing Covered Calls On ETFs

  2. Bonds & Fixed Income

    What determines the price of a bond in the open market?

  3. Taxes

    Why should I keep records on my tax-exempt bond transactions?

  4. Bonds & Fixed Income

    What causes a bond's price to rise?

  5. Mutual Funds & ETFs

    How can I find good investments among lower rated bonds?

  6. Blackrock has lowered its fees to snag money leaving Pimco's bond funds. But by how much and who's following suit? Read on.
    Investing Basics

    Thank You, Pimco: BlackRock Drops Bond-Fund Fees

  7. Term

    Surrender Period

Trading Center