| 11. | The zero coupon bond is also recommended.
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| 12. | The central bank began selling the notes in January 1995, after discontinuing zero coupon bonds a month earlier.
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| 13. | Zero coupon bonds were first introduced in the 1960s, but they did not become popular until the 1980s.
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| 14. | Yesterday, Bayerische Landesbank sold 1 billion French francs ( $ 192 million ) of 15-year zero coupon bonds.
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| 15. | Since then, zero coupon bonds have been sold in deutsche marks, dollars, Luxembourg francs, Danish kroner and French francs.
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| 16. | The interest rates implied by the zero coupon bonds form a yield curve or more precisely, a zero curve.
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| 17. | Zero coupon bonds are bought at a deep discount from their face value and don't make periodic interest payments.
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| 18. | Note that any of the bonds could be zero coupon bonds, meaning they do not pay any coupon interest.
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| 19. | Zero coupon bonds make no periodic interest payments, but instead are sold at a deep discount from their face value.
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| 20. | When interest rates rise, the market value of zero coupon bonds fall more than regular bonds that pay interest periodically.
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