Post #227 by bacon on the Index Investing board

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It's also important to pay attention to yield vs coupon. Inflation plays its deleterious role regardless, but yield is for traders. Folks who want a stable income look at the coupon. A $100 bond with a 6% coupon will pay $6 per year, year in and year out, whether the yield is 10% or 2%.

Eric Hines

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