Inflation reduces the value of money; thus, it diminishes the purchase power of the fixed interest received by the bond. If inflation moves higher than the coupon rate of the bond, then real return on the said bond decreases. 4. Liquidity Risk: Some of the bonds, especially those issued by small companies or less common governments, might not be very liquid since they cannot be easil... https://finxl.in/merger-and-acquisition-certification-online-training-courses.html