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A bond is a fixed-income instrument generating cash flows at some specific dates in the futures. These cash-flows depend on the interest rate of the bond, which can either be fixed or variable. It is a debt instrument acting as a loan made from the buyer to the seller.

2 votes

Bond portfolio hedging against currency risk

Also, take a look at Advanced Bond Portfolio Management: Best Practices in Modeling and Strategies edited by Frank J. Fabozzi, Lionel Martellini, Philippe Priaulet …
Chris Andy's user avatar
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Investment Grade Bond vs Junk Bond, whose duration is larger?

Ditto to Larasing. Any bond's duration is just a matter of coupon, price, discount rate. Credit risk does not factor into this equation.
Chris Andy's user avatar