Bonds are generally considered safe investments. However, they do come with some risks, for example, interest rates. Namely, rising interest rates can lead to a decline in bond prices, making older bonds less attractive than newly issued ones. There is also inflation, which reduces the real value of bond payments over time, as well as call risks, which arise when companies choose to redeem bonds before their scheduled maturity, cease interest payments, and reissue bonds with lower interest rates. Finally, there is the default risk, where a company may fail to make bond payments altogether, leading to financial losses for bondholders.