My impression after going through your replies is - "If I buy a normal treasury bond (not TIPS) for 10K with yield 4.8%, I will continue to get $480/year as long as I hold it, irrespective of the bond price and yield. And if I hold it till maturity, it is almost like a 10 year CD with 4.8% interest rate." Am I right?Right. It would be exactly like a CD that pays the interest into your money market or savings or checking account, instead of compounding it until maturity (my credit union offers such an option, which someday I may use).
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