This is the "used car" lot where you buy bonds from other investors. Prices might be higher or lower than the original price depending on current interest rates. 2. Picking Your Path As you browse, you filter your options based on your goals:

These offer higher yields but come with more risk depending on the company's credit rating (from AAA down to junk status). 3. Setting the Terms Individual bonds | Reasons to consider bonds | Fidelity

Like buying a brand-new car directly from the manufacturer, these are bonds being sold for the first time. On Fidelity, you can often buy these at par value ($1,000) without paying extra commissions or concessions.

Buying bonds on Fidelity starts with a direct journey through their section, where you can choose between individual bonds for predictable income or bond funds for broader diversification.

Ideal for taxable accounts, as their interest is usually federal income tax-exempt.