What are the values of beta for bonds? Compare them to betas of common stock.

I understand that beta is a measure of volatility or systematic risk of a security in comparison to the market as a whole. I also understand that beta is categorized in 3 cases: Beta > 1, which is associated with companies that offer luxury products, B = 1, and B < 1, which is associated with companies that offer necessary goods. I also know that the three determinants of beta is cyclicality of sales, degree of financial leverage, and degree of operating leverage.

I want to know what are the values of beta or what role does beta play in bonds? Also, what are the value of beta in common stocks or what role does beta play in common stocks? If you can please take the time to explain it to me, I would really appreciate it.