<human>:  What are some of the pros and cons of investing in bonds?
<bot>: 

Pros of investing in bonds: 
1. Regular income stream through regular coupon payments.
2. Low risk and predictable returns.
3. Low correlation with other investments.
4. Lower volatility than stocks and other higher risk investments.
5. Opportunity for diversification and risk management.

Cons of investing in bonds:
1. Generally lower yields than stocks and other higher risk investments.
2. Fixed rate bonds are vulnerable to inflation.
3. Duration risk – changes in interest rates can reduce bond values.
4. Interest rate risk – bonds with longer maturities are more sensitive to changes in the market.
5. Credit risk – lower quality bonds are more prone to default.