A bond is a security that is issued and guaranteed by a government, corporation, or corporation. There is a multitude of different types of bonds that vary by term, interest rates, cost (price).

A bond can usually be bought or sold at any time. Its price varies according to the quality of the issuer, the interest rate of the bond, the market interest rate. So if the market interest rate goes up, the value of bonds already issued will go down.

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