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Bond market
Fixed income
Corporate bond
Government bond
Municipal bond
Bond valuation
High-yield debt
A Corporate Bond is a bond issued by a corporation. The term is usually applied to longer-term debt instruments, generally with a maturity date falling at least a year after their issue date. (The term "commercial paper" is sometimes used for instruments with a shorter maturity.) Sometimes, the term "corporate bonds" is used to include all bonds except those issued by governments in their own currencies. Strictly speaking, however, it only applies to those issued by corporations. The bonds of local authorities and supranational organizations do not fit in either category. Corporate bonds are often listed on major exchanges (bonds there are called "listed" bonds) and ECNs like MarketAxess, and the coupon (i.e. interest payment) is usually taxable. Sometimes this coupon can be zero with a high redemption value. However, despite being listed on exchanges, the vast majority of trading volume in corporate bonds in most developed markets takes place in decentralized, dealer-based, over-the-counter markets.
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Corporate Bond Subcategories
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Corporate Bond Articles
Corporate and Bearer Bonds by Jeffrey S. McLeod
Oct 26, 2006
Don’t know much about what types of bonds are in the investment world? Two kinds of bonds are corporate bonds and bearer bonds. This information will give you more knowledge about the 2 types of bonds and how they are different from each other. ...
Higher Income From High Yield Bonds by Tony Reed
May 23, 2006
To understand high yield bonds, let's define what a bond is. A bond is an interest-bearing investment that obliges the borrower to pay a specific amount of interest for a specific period of time and then at maturity to repay the investor the or...
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