A Complete Guide to Bond Markets: Treasury, Municipal, and Corporate Bonds
Book: Financial Markets and Institutions, 11th Edition Author: Jeff Madura Publisher: Cengage Learning, 2015 ISBN: 978-1-133-94788-2
Chapter 7 shifts from money markets (short-term) to bond markets (long-term). Bonds are how governments and corporations borrow money for years or even decades. This chapter covers the different types of bonds, how they work, and how the bond market has gone global.