Contracts for Difference in bonds trading (Bond CFD) allow investors to trade on the price of the fixed-income security - issued by governments, corporations and other institutions as debt obligations - without purchasing the actual underlying asset. Bond CFDs are made available to traders through brokerage firms in the secondary market and are mainly used as long-term investments, portfolio diversification and spread betting strategies. Bond CFDs offer traders the possibility to re-sell bonds when interest rates are increasing without the need to hold onto them until the maturity date.