I purchased some zero coupon bonds for my daughter some years ago. It seems the price doesn't move linearly, (there was a major hiccup in the price in April) and since I'm a new Fool with nary a financial brain in my head I am not sure why. However the price has now recovered and I'm wondering if I should sell before maturity and get into something else? Is it true that the yield varies with interest rates and if so would one expect a spike in the price if the Feds lower rates? I can't find anything online about these things. They mature in Aug 04 and Nov 05.
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