BOND MARKET

The bond market is also known as debit, credit, fixed income market. The bond market is a financial market where participants buy and sell debt securities, usually in the form of bond.Bond takes place between broker-dealers and large institutions in a decentralized, over-the-counter market. However, a small number of bonds, primarily corporate, are listed on exchanges.
References to the "bond market" usually refer to the government bond market, because of its size, liquidity, lack of credit risk and, therefore, sensitivity to interest rates. Because of the inverse relationship between bond valuation and interest rates, the bond market is often used to indicate changes in interest rates or the shape of the yield curve.Bond markets in most countries remain decentralized and lack common exchanges like stock, future and commodity markets. This has occurred, in part, because no two bond issues are exactly alike, and the number of different securities outstanding is far larger