“We were building the plane as we flew it”: Mickey Down and Konrad Kay on the success of Industry
What about the difference between a bond’s coupon and yield-to-maturity? They’re the same if the paper’s trading at par (obviously), but what happens when that fateful line on your Bloomberg terminal starts to nosedive? Answer quickly, because the MD needed to know five minutes ago, and it won’t be long before he starts shouting. Again.