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Sat 16 Mar, 2019 06:24 am
Some people have made fortunes through bond trading. In some cases starting in their college dormitories and ending up in a multi-billion dollar hedge fund.
How is that possible?
In stock trading, one can choose a company that then makes a fortune.
But bonds have fixed returns and the bond dealer uses a wide bid-asked spread.
@gollum,
They do have fixed returns. The prices vary widely. So do maturity dates.
@gollum,
Sean Connery is still quite valuable as is Roger Moore.