• Roll-down return is a bond trading method for selling a bond as it nears the maturity date when the original higher interest rate on the long-term bond has declined.

  • The cost of bonds in the secondary market fluctuates depending on the increase or decrease in interest rates.
  • Generally, the market value of a bond approaches its face value as the maturity date approaches.
  • Using scrolling can provide maximum total yield based on the yield curve.