The phrase
"bond market" refers to a marketplace where bonds are bought and sold. A bond is a type of loan or debt issued by governments, municipalities, or companies to raise funds. In the
bond market, investors can buy these bonds, effectively lending money to the issuer. In return, the issuer promises to make regular interest payments and repay the original loan amount, known as the principal, at maturity. The
bond market is a crucial part of the overall financial system and provides an avenue for both investors and issuers to meet their needs.
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