Categories of Bonds

Different types of bonds based on the issuer
Investors may be looking for

bonds that offer a higher return, high risk.
bonds that offer a lower return, but are also less risky.
Borrowers goal might be but not limited to:
Raising capital for investment
Financing long-term projects
Restructuring debt
Improving credit ratings

High risk, high reward as COMPANIES are more likely to default on DEBT

Some offer TAX-FREE Coupon

Low risk, low reward as the government is unlikely to go debt.]