Fidelity's Timmer Doubts 60/40 Revival as Stock-Bond Correlation Slips

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.

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.