When you buy bonds you are a creditor. When you buy stock you are an owner. Obligations to corp.
Speculators are of course willing to take risks.
They are holding the bond until maturity so price changes do not matter to them. The farther away maturity is the higher duration The lower the coupon is the higher duration. Zero Coupon bonds have the highest duration. Treasury bonds, bills, notes, are taxed federally but not state or locally. Municipal bonds often issued on this basis Sinking funds Corp. makes contributions for a fund to buy back bonds out of market Call provision usually deferred for 5 years and usually corp.