Kvarn X Academy · Learning path

Bonds

For years interest rates were close to zero, and bond investing felt dull. Now the situation is different: rates have risen, and that makes bond investing interesting again.

Bonds
Money markets
Government bonds
Corporate bonds
Duration
Credit risk

Start with the basics Explore all topics

Starting point

You lend money. You get paid for it.

Bond investing feels abstract to many people, but the core is everyday stuff. When you buy a bond, you lend money to a government or a company and in return you get interest and your capital back on the maturity date.

A bond ETF is not one product but a whole market.

This is where many people make their first mistake: they assume that bonds automatically mean a stable, low-risk investment. In reality the difference depends on two things: whose debt you invest in and how sensitive the investment is to changes in interest rates.

All topics

From a single bond to a portfolio stabilizer

First what a bond is, then the parts of the bond market, and finally how bonds are built into a portfolio.

01What is a bond?Lending, the coupon, face value and the maturity date.7 min 02Where does the return on a bond come from?The coupon, market price, yield to maturity and real interest rate.8 min 03Why do yields and prices move in opposite directions?The most important insight in bond investing, with a concrete example.7 min

Explore bond investing in Kvarn X

Bond ETFs and fixed-income investments are in the same app as the rest of your portfolio.

See fixed-income investments Create an account

This content is for information purposes only and should not be construed as investment advice or a recommendation. Investing always involves the risk of losing capital.