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Over four trading days from Monday July 22 nd 2013 to Thursday 25th July 2013, yields on the 5.50% 21st April 2023 government bond increased
Over four trading days from Monday July 22 nd 2013 to Thursday 25th July 2013, yields on the 5.50% 21st April 2023 government bond increased as follows: 3.650%, 3.655%, 3.680%, and 3.775%. Is it good for you as an investor in this bond to have yields rising? Provide a dictionary definition for the meaning of the word benchmark. Why do you think that today (i.e., in July 2013) the April 2023 bond was referred to as a benchmark bond?
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