Bonds that are believed to have a lower risk of default and receive higher ratings by the credit rating agencies, namely bonds rated Baa (by Moody's) or BBB (by S&P and Fitch) or above. These bonds tend to be issued at lower yields than less creditworthy bonds.
What Are Bonds?
A bond is a debt security, like an IOU. Learn about the benefits and risks of investing in bonds or bond funds.
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How to Open a Brokerage Account
Read our Investor Bulletin to learn what to expect when opening a brokerage account.