Bonds are boring. They are the beige minivan of the investment world. Yet, bond yields (which move inversely to prices) are hugely important. They determine lots of things: from how much companies and governments pay to borrow money -- to the rate you get on your mortgage. To help you navigate the complex world of interest rates, here are some free resources.
The mainstream financial press analyzes every word of the Fed's discussions about interest rates. But the evidence shows that the U.S. central bank does not lead on rates. These two charts are revealing.