Premium bonds cost more than their face value due to higher interest rates or the issuer's improved credit rating. Investors must analyze if the extra interest from the premiums outweighs the added ...

Bonds bought above face value add cost paid as "unamortized bond premium." Reduce premium annually to align bond's book value with redemption value at maturity. Consult tax advisor on premium tax ...

I rate Western Asset Infl-Linked Opps & Inc Fd a Buy for income-focused investors seeking an 8.74% yield and monthly distributions, trading at an 11.5% discount to NAV. The fund’s high ...