Ben Casselman
speaker
242 appearances
2 recordings
1 series
first heard Jul 2026
last heard 15 Sep
Ben Casselman’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 2 in all, peaking in Sep 2026 with 1.
Appearances
kind of opaque, hard to understand bond market that we talk about.
Okay.
A bond is no I'm not gonna sing.
A bond is just an IOU.
When
An entity, a national government, a state government or a city, a company.
Wants to borrow money.
Mm-hmm.
They sell bonds to investors.
Investors could mean individuals like you and me, it could mean pension funds, hedge funds, other governments.
And when you buy a bond, you are giving some money, call it a thousand dollars to the seller of that bond.
You're lending you are lending them that money.
And they are promising to give it back to you in some period of time, in a few months, a few years, 10 years, 20 years, 30 years.
So I go and I buy a 10-year bond for $1,000.
The seller of that bond is promising to give me back my $1,000 in 10 years.
But I'm not just gonna give them my money and walk away, right?
And so they're going to pay me interest.
We're going to agree at the time that the bond is sold to a fixed rate of interest, and they're going to pay me interest every year until that bond matures and they give me back my $1,000.
That interest rate functionally is what we call a yield.
The yield on a bond is the sort of technical term that we use.
Showing 21–40 of 242 · page 2 of 13
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