1. Types of bonds Aa Aa Fixed-income securities consist of debt instruments and preferred stock. Bonds are debt securities in which a borrower promises to pay a specified interest rate and principal at a future date. Which of the following types of bonds have the least default risk? Treasury bonds Corporate bonds O Municipal bonds Based on the information given in the following statement, answer the questions that follow: New York City issued a general obligation bond for a canal in 1812. It was the first formal debt instrument with a fixed repayment schedule issued by a city Who is the issuer of the bonds? What type of bonds are these? Municipal bonds Corporate bonds Bank of New York Federal Reserve Bank of New York O The New York City government Treasury bonds