Bond market is off too - bond writers don't set the rate, they just describe the payment schedule and auction it off. Market determines a price, which implicit

Bond market is off too - bond writers don't set the rate, they just describe the payment schedule and auction it off. Market determines a price, which implicitly sets the rate. It seems like an earnest effort by the author. I'd encourage them to find a pro to run this piece by as a further learning experience. When you stop getting edits, you are ready to teach a simplified version to others!