Bonds 101: The simplest way to make your money work harder

Bonds allow governments or companies to borrow money from investors for a fixed period.

Investors may receive periodic interest (coupon payments), with the original amount repaid at maturity.

Key bond terms include coupon rate, yield, maturity, and credit rating.

Bonds can help build predictable returns through steady coupon income.

Investors should consider risks such as the issuer's ability to repay before investing.