The market in which bonds are traded before their maturity. If interest rates decline after a bond has been issued, the value of bonds already issued with higher rates of interest will rise, and hence the bond market is said to be “up.” A rise in interest rates will lower the value of bonds issued with lower rates of interest and send the bond market “down.”
If the Russians had dumped the bonds, you would have seen more of a reaction in the bond market.
By March, the company had raised about $500 in the bond market, halting a worrying slide in share prices.
Christie was clearly what non-Southern high-end Republicans wanted--a hawk who kept his eye on the bond market.