The bond market is one of the largest securities markets because bonds are the least volatile securities out there and will play an important role in diversifying your portfolio. Although bonds provide fewer returns than stocks, it is considered as a safe investment and known to provide regular passive income. Which makes them an important part of your portfolio based on your risk tolerance. So, some basic knowledge about them like how do they work, how to use them, and what are the risks of owning them will help you make better investment decisions.