Auctions are a cornerstone of fixed-income investing, shaping everything from price discovery to asset allocation. Understanding this process is crucial for navigating the market's complexities.Simply put, an auction sells goods or services, and
Auction
Auction: Types, How They Work and Why They Matter
What's it: An auction is a selling method where prices have not yet been set and are determined through an open and competitive bidding process. The auctioneer acts as the selling agent in most cases and receives a commission on the sale