personal business
The little guy’s ticket to the big-money game
The bond market is an arena where bigmoney borrowers and lenders gather, and traders play for multi-million-dollar scores in miniscule decimal points. It’s an arcane, elite sort of game where $100,000 goes a very short way—it will buy a newcomer one round-lot seat in the bleachers—and the little guy, perhaps for his own good, is usually turned away at the gate.