The bond market (also known as the debt, credit, or fixed income market) is a financial market where participants buy and sell debt securities, usually in the form of bonds.
You can classify the broader bond market into five specific bond markets:
- Corporate
- Government & Agency
- Municipal
- Mortgage Backed, Asset Backed, and Collateralized Debt Obligation
- Funding
A bond is a debt security, in which the authorized issuer owes the holders a debt and is obliged to repay the principal and interest (the coupon) at a later date, termed maturity.
A bond is simply a loan in the form of a security with different terminology:
- Borrower = ‘issuer’
- Lender = ‘bond holder’
- Interest payments = ‘coupon’
Bonds enable the issuer to finance long-term investments with external funds.
Bonds and stocks are both securities, but the major difference between the two is that stock-holders are the owners of the company (i.e., they have an equity stake), whereas bond-holders are lenders to the issuing company. Another difference is that bonds usually have a defined term, or maturity, after which the bond is redeemed, whereas stocks may be outstanding indefinitely.
How do I get a graduate scheme / internship / entry level job or career in The Bond Market?
Obtaining a graduate scheme, internship or entry level role in the Bond Market can be very challenging and competitive – though very achievable by getting your application, CV, interview and general approach right. You can guarantee that ninety percent of applicants for Bond Market roles will not know how to apply, so getting your application in the top ten percent makes things a lot more achievable.
Approaching the company in the right way will make all the difference. Combining the right approach with a strong interview (and in some cases assessment centre) writ a strong focused tailored CV will go a long way. Make sure you have gone through the free videos on this sight by entering your name and email address in the top right of this screen underneath the video. Once you have filled this in you will have instant access to everything you need to secure your career in the Bond Market.
If you would like to add comments to this description, give any feedback or ask any questions about careers in banking & finance in this area please comment below
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Alfie
on 21st Sep, 2011 06:27
Great web site. A lot of useful facts right here. So i am sending it to 3 associates ans also sharing in delicious. And lastly, great sweat!