Latest / How Canadian Markets Work
Episode 33: What a Bond Really Is
Got something to say to this podcast? Send a voicemail, and you might hear yourself on the next episode!
Episode Summary A bond is simply a loan you can sell to a stranger. While the underlying loan mechanics are straightforward, the secondary resale market introduces structural complexities that can cause a bond's price to crash even when the borrower is perfectly healthy and paying on time. This episode strips away the jargon to explain the contract of debt, outlines how it sits within a company's capital stack, and examines why bonds are "differently risky" rather than completely safe.
Key…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.