Bonds are the most important part of the fixed income market. The global bond market stood at $128.3 trillion as of August, 2020.
The first part shares a brief overview of the bonds- their evolution to explanation of basic terminologies like face value, coupon rate etc.
The second part shares a brief overview of the international bond market along with major actors within the bond market. This is very important to have a clear understanding of entities within the debt market and their work in raising capital in capital markets.