he bond market is by far the largest securities market in the world,1providing investors with virtually limitless investment options. Many investors are familiar with aspects of the market, but as the number of new products grows, even a bond expert is challenged to keep pace. While we spend a great deal of time discussing economic forecasts and how those forecasts may affect unique sectors of the bond market, we have yet to answer the most basic question: What is a bond?

Really clean and detailed overview.