00:01
Yes, okay, so first for bonds market, bonds are debt securities issued by entities such as governments, municipalities, and corporations.
00:14
So the issuer borrows capital from the bondholder and promises to pay a specified interest known as the coupon rate over a set period and return the principal at the bond's maturity date.
00:28
So a bond market is where these debt securities are issued and traded.
00:33
It's divided into two segments.
00:35
We have the primary market, the primary where we have, where the new bonds are issued, and then we have the secondary market where existing bonds are going to be bought and sold.
00:55
And then we have the currency market, the currency market or the foreign exchange market.
01:07
This is where currencies are traded.
01:09
So it's decentralized and operates 24 hours a day to accommodate the various time zones of the world's financial centers.
01:17
So participants range from central banks to individual traders, and the primary purpose is to facilitate the buying, selling, and exchange of currencies at current or determined prices...