Making Money with Bonds In the article on yield curve strategies in general, I mentioned the two broad ways to make money with bonds: Coupons (more generally, to incorporate synthetic strategies using, for example, swaps: interest payments) Price changes The curriculum breaks down the expected return on a bond in this manner: \begin{align}E\left(R\right) &≈ Coupon\ […]

This article is for members only.  You can become a member now by purchasing a

CFA® Level III Fixed Income Membership, CFA® Level III Membership

This will give you access to this and all other articles at that membership level.