After 6 Years of Losses, Ariel's Bobrinskoy Says Bonds Are Back

A loan made by an investor to a government or company, which pays interest and returns the money on a set date.

Bond yields set the baseline for borrowing costs across an economy.

Computer systems that perform tasks that normally require human intelligence, such as understanding language, recognising images or making decisions.

AI is changing work, media and public services, raising questions about jobs, safety and regulation.

The annual return an investor earns on a bond, which moves in the opposite direction to the bond's price.

Rising yields mean higher borrowing costs for governments, companies and home buyers.