Bonds are referred to as fixed income securities, because the amount and timing of the associated cash payments are usually known (fixed) in advance. Bonds are typically issued to meet the longer term financing needs of the issuing entity, for example, to finance a specific investment project. Governments issue bonds, as do companies, and even some individuals have issued bonds in the past, for example, the pop star David Bowie.
Explore this site to find out more about this significant and varied asset class.
Introduction to Fixed Income
Introduction to Bond Yields
Overview of Convertible Bonds