Can the principal and interest of a yield-bearing asset be sold separately?
The price of YT is essentially a quote for future yield: if the actual yield received before maturity is lower than the yield implied when you bought it, YT holders will lose money.
After maturity, PT can be redeemed for the corresponding denomination asset at a 1:1 ratio. Before maturity, it typically trades at a discount.
Me before: Place the order, then take a look. Me now: Read the docs first.
There’s nothing wrong with playing it safe—surviving matters far more than making a big profit just once.
$PENDLE 2.112 (+1.2%)
The price of YT is essentially a quote for future yield: if the actual yield received before maturity is lower than the yield implied when you bought it, YT holders will lose money.
After maturity, PT can be redeemed for the corresponding denomination asset at a 1:1 ratio. Before maturity, it typically trades at a discount.
Me before: Place the order, then take a look. Me now: Read the docs first.
There’s nothing wrong with playing it safe—surviving matters far more than making a big profit just once.
$PENDLE 2.112 (+1.2%)