Hi, Just wondering how you would go about investing in Bonds, particularly corporate bonds. Investing in Equity is easy, you either buy off the prospectus or off the secondary market (ASX, NSX etc). You can buy government bonds though the RBA, but the federal government is in surplus, and does not really need to issue bonds (Although they still do, to keep the market open). I have also noticed a lot of bank issuing hybrid/preference shares, which pay a coupon like a bond, and have a fixed face value like a bond. But are actually classed as equity, so if the company decides not to pay a dividend, you get nothing. So these would be more risky then a bond. So how would you buy bonds issued by state or local government? And how would you buy bonds issued by corporations? I am mostly interested in the Australian market, but an happy to here how it works overseas.