How the bond markets work

With debt at the heart of today’s economic woes, it’s vital that investors understand how bond markets work, says Tim Bennett. Here, he explains everything you need to know about bonds.

Debt lies at the heart of today's global economic woes, affecting everything from the eurozone crisis to the fragile British and American economies. So it's more important than ever that investors, who are often more comfortable with equity than with debt, understand how bond markets work.

What are bonds?

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Tim graduated with a history degree from Cambridge University in 1989 and, after a year of travelling, joined the financial services firm Ernst and Young in 1990, qualifying as a chartered accountant in 1994.

He then moved into financial markets training, designing and running a variety of courses at graduate level and beyond for a range of organisations including the Securities and Investment Institute and UBS. He joined MoneyWeek in 2007.