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Bonds are debt instruments issued by governments and corporations when there is a requirement to raise money. They represent a promise by the issuer to the buyer to repay the principal or face value of the bond at a future date. Buyers are compensated by regular predefined coupon payments, usually twice annually.
No, EasyEquities will show you prices that will allow you to buy and sell whilst the market is open.
The coupon rate of a vanilla bond is a fixed rate that the issuer agrees to pay the buyer at regular intervals, normally semi-annually. It is expressed as a percentage of the bonds face value. The coupon is set when the bond is issued and remains constant for the term of the bond. If a bond’s coupon is 10%, it will pay 5% every 6 months.
When the coupon is paid, the bond price will decrease, like the price of an equity when a dividend is paid.