Most of us have a decent idea of what stocks are and how they work. After all, the network news programs always mention what the stock market did that day. But which broadcaster says anything about bonds? Yet, the value of all bonds around the world exceed that of stocks. Bonds are foundational in investing, essential for asset allocation, and yet remain shrouded in mystery for many of us. In this course, we will examine the basics of bonds, their relationship with interest rates and mortgage rates, how they fit in asset allocation, and the various vehicles for investing in them.