Wendy, thank you as well for the reply. It’s a great primer for a topic I always find confusing. And funny, I remember some of this, to a certain extent, from the movie The Big Short, but of course it wasn’t fully explained there.
If I have more questions I will be sure to use this board, and in fact, probably will, because the CNBC traders are always talking about bonds, but they talk so fast and obviously can’t stop to explain, it gets confusing (e.g., bond auction didn’t go well, 10-year at slightly over 4 is a good sign, etc.).
Thanks again for the welcome…