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How do bond traders make money? They buy bonds in anticipation of inflation rises and rate hikes, and sell bonds anticipating falls in inflation and

How do bond traders make money?
They buy bonds in anticipation of inflation rises and rate hikes, and sell bonds anticipating falls in inflation and rate cuts
They sell bonds in anticipation of inflation rises and rate hikes, and buy bonds anticipating falls in inflation and rate cuts
They buy bonds in anticipation of inflation rises and rate hikes and sell bonds anticipating rises in inflation andrate increases.
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