A bond is a type of investment where the investor (bond holder) lends money to the borrower (the issuer). An issuer sells bonds to raise funds and agrees to pay the bond holder an agreed interest rate...

A bond is a type of investment where the investor (bond holder) lends money to the borrower (the issuer). An issuer sells bonds to raise funds and agrees to pay the bond holder an agreed interest rate at fixed intervals throughout the life of the bond. Interest payments for the bond are referred to as coupons. Bond terms normally range from 2 years to 30 years. At the end of the term, the issuer pays the full amount invested back to the bondholder. In addition, the issuer appoints an agent or a registrar of bonds to handle the issuing of bonds on their behalf. (RBF, 2020) With reference to what bonds are discuss the foll.
Write an essay of about 400 words on the integration of bond markets. Explain why adverse conditions within one bond market (such as a particular country) commonly spread to other bond markets