The bond market (also debt market or credit market) is a financial market where participants can issue new debt (known as the primary market), or buy and sell debt securities (known as the secondary market). This is usually in the form of bonds, but it may include notes, bills, and so on. The bond market’s primary goal is to provide long-term funding for public and private spending.
With this insightful book, gain an essence of the bond market and learn about the various issuers and investors involved. The book also provides essential reading on bond instruments, how this capital market is organised, and the maths and tools involved.