In an article for the Wall Street Journal that was excerpted from his new book, “Stay the Course: The Story of Vanguard and the Index Revolution,” John Bogle, the founder of The Vanguard Group and creator of the first index mutual fund asked an interesting question: “What happens if it (indexing) becomes too successful for […]
The Bond Yield Curve: A Review The yield curve is simply the yields on bonds of varying maturities, typically from three months to 30 years, plotted on a graph. The yield curve illustrates what is called “the term structure of interest rates,” or the idea that a bond´s maturity and yield are connected. Typically, but […]