《金融英语》教学课件Unit 8Bond Market.ppt

Unit 8: Bond Market Financial English Unit 10: Part I: 8.1 Introduction to Bond Part II: 8.2 Bond Market 8.1 Introduction to Bond ? WHAT IS BOND? A bond is a debt security, similar to an I.O.U. When you purchase a bond, you are lending money to a government, municipality, corporation, federal agency or other entity known as the issuer. In return for the loan, the issuer promises to pay you the amount borrowed (called “principal”) at a designated future date plus a fixed amount of interest. Some bonds pay the interest or coupon at designated intervals (i.e. on a specific date each